Wednesday, November 10, 2010

Waiting for the markets

Well now I have the funds in place, I am having to wait for the markets!

They have been doing their thing the past few days and have been volatile to say the least. Different things have been happening to the shares I have been charting. 2 of them are continuing to rise but haven't formed a box and the 3rd one has just dropped 1c below the bottom of the box, which in my system is a danger sign! I am charting more than just 3 shares but these were the 3 which were behaving themselves!

I may now drop the 3rd share, see what they do over the next day or so. Either way I have to wait for the others to form a box if I am to buy into them, so going to stick to the system and not buy now, and probably not for this week, as it takes a minimum of 3 days for the box to be formed.

Hey ho I'm sure the wait will be worth it!

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