I’ve been getting a lot of mail recently asking me what is going on in the market. To that I always say: look at the price.
If you’re a short term trader, any which way you look at the price action for any indices in Asia, a top has formed. It doesn’t matter if you don’t believe that it will fall back down, or if you think that there will be another spurt up. If you’re a technical trader, and use graphs to trade, then you have to be aware that a top has formed.
So act accordingly and follow your system. That’s all the advice I can give (cause no one has a crystal ball into the future).
Happy Trading!
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