Monday, July 13, 2009

13/07/2009 after market

23.55 amsterdam

The down move happened when I was on vacaction. Not surprising.

S&P had a rally up to 895 from a daily low around 869. The market is in a bearish trend for the short torm, and mid term sideways is holding this time with support around 870.

I bought more around 870, which was my stop level because I didnt feel the market going down fast. The mid cap stocks were hammered last week partly because of claim emissions. I am more and more long term bearish.

Around 900 is the bearish trend resistance, we will see. I see this upmove as a getting out opprtunity and hopefully I will reduce my position at favorable levels.

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