Something is happening in the STOCK MARKET.

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Well it could be that the Labor Day has come and that’s when most of the Wall Street Movers and Shakers come back from holidays, the other reason that for the past couple of moths the stock market has been consolidating. You might have noticed how you’ve been in and out of the market and seeming not to be making much money.

The other day in the blog I wrote about a Dead Cat Bounce; perhaps that was just an indication that the market is finally going to trend, but which way. If we knew that we could all make millions very quickly.

I’ve also talked about tuning into what people are thinking and are likely to do. Well the last three days are making me think that perhaps the thinking is “hey we are a bit tired of this going nowhere it’s time make some money” sort of thing. One of my pet indicators is turnover and we’ve seen a good bit of that this past week. So I think the signs are bullish but I’m not jumping in and buying just yet. Rather I’ll look forward to making some money on the stock I bought while the market was down. You do the same don’t you, ‘only buy when the market is down’ I hope so.

This is also a time to be very careful on how you interpret the signs, for we should not forget that a lot of people are now using ‘Trading Programs’ to try and make profit on a daily basis and I feel it has an influence in the market. If your watching closely you can see these extreme overbought and over sold indicators. So it is a matter of learning to see the actions of people to confirm the trend not try to anticipate it. It could also be a time to forget a lot of the old rules of trading the market.

These of course are my thoughts on the matter and are in no way an indication of what you should do. As I always preach, do your own research and get advice from your professional adviser if you like.

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