redbacka report.week ended 19/2/10, page-17

Hi Danube,

You asked a question about whether I'm suggesting you should be in the market or not? Or when I've suggested you should be "in" the market.

It depends. LOL.

If you're a longterm investor, my long term chart has been suggesting you should be "in" the market since April09.

On a much shorter time scale - this week's sentiment suggests a "hold" - that comes after the previous two weeks which suggested a short term "buy".

The past couple of weeks have seen the divergences on the indicators play out beautifully with an upward movement, if somewhat tepid.

Given overhead resistance (and an overbought daily Slow Stochastic) - personally I'd be holding those positions to see how it pans out.

But individual stocks are different; e.g., CSL gave a great medium-longterm buy signal last Tuesday after a multi-month sideways consolidation.

Everybody has their own view on things. You really have to make up your own mind about where things are going.

I just hope that my little offering might add some clarity.

Cheers
Red