ZLBT Chats

Sunday, May 9, 2010

Opportunities Just Around The Bend? >>> Not Just Yet

Red Heat Everywhere Except Mexico & 1Malaysia Boleh!
The Dow is plunging, Europe is on fire
Currencies are shrinking except the US Dollar
And you want to BUY?
Long the FKLI on dip maybe, but not stocks
If you're feeling hot for some actions, ZL advice is >> Go Take a Shower & COOL IT
If you must force a desperate LONG >>> CABLE is a better bet than the EURO

Study the CABLE Chart above >>> CABLE have formed a nice looking Hammer
Checkout the reliability of a Hammer candlestick at the bottom of a trend.
Be reminded you still need a confirmation candle for a U-turn , if any in the works
ZLBT wishes all visitors GOODLUCK
.... You will need it :D

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