Monday, August 8, 2011

Stockmarkets Sharply Down After Sellsignals

The stockmarkets worldwide has received several sellsignals. All long positions are sold when COMP went under the stoploss level at 2590. Stocktrends are still sharply down. The potential from the COMP-sellsignal is around 2310. We closed today at 2357 so we are pretty close to it... Now the area around 2600 is a new resistance level. If we get a rebound up close to 2600 it could mean a good shorting opportunity with a stoploss at 2710.