Our system posted
BUY CONFIRMED
.
The
previous
SELL
recommendation that
was confirmed was made on
09.04.2009
(77)
days
ago, when
the index value was
282.3
. Since then
US-COSMETICS
has gained
11.97%
.
BUY-IF
is confirmed by
a white candlestick with a higher open. The
confirmation price is taken as this week's open
(
311.78
) according to Rules
of Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmed this week. The market is ready for a new bullish move. The week opened with a gap-up and the price activity resulted in a close higher than the open. This is one of our valid confirmation criteria.
The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.
We hope that you bought this index and still have the chance to profit from the later phase of the bullish attack. You should watch the upward gap in the beginning of the week, closely monitor the current confirmation status posted daily, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.
If you bought, continue to hold this index until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe, you did not have time to follow the sessions during the week or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions and still profit in case of a sustained bullish move.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may be easily cover your losses (if any) by basing your future trades on our signal system.
