Our system posted
BUY CONFIRMED
.
The
previous
SELL
recommendation that
was confirmed was made on
10.02.2009
(49)
days
ago, when
the index value was
216.7
. Since then
US-FOOD-PROD
has gained
5.36%
.
BUY-IF
is confirmed by
a white candlestick with an equal open and a
higher close. The confirmation price is taken
as the previous close (226.82) 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. Though the market opened lower this week, the price activity created a white candlestick that closed above the previous week's close. This is a valid confirmation criterion.
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 acted quickly and already bought this index and still have the chance to profit from the later phase of the bullish attack. Your important benchmark was the previous week's close. You were supposed to watch the sessions during the week carefully, closely monitor the current confirmation status posted daily, feel the bullish tendency of the market despite the lower opening, and go long after making sure that the prices stay over the previous week's close.
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. 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.
