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Trend Trading & Index Investing, Vision October 2009

September showed gains in all the 11 stock market indices covered by BuyOrSellFunds.com, except for the Japanese Nikkei.

The 3 US indices all have a "buy" indication now, while the Nasdaq also has a "sell" warning since it has risen so much during this year already. However, note that if these US indices would increase further during October, they all would have a simultaneous "buy" indication and "sell" warning, stressing that a temporary correction is likely. If these US indices would decline during October, 2 out of 3 would get just a "sell" warning after October.

For the European indices, the same pattern is valid. Except for the FTSE, where no "sell" warning is expected the coming month.

The Nikkei does not get a "buy" or "sell" trigger at this moment. But both the Shanghai Composite, the Hong Kong Hang Seng and the Bombay Stock Exchange have a sell indication at this moment, due to their very rapid growth in previous months and a correction is still likely.

In summary: be prepared for a correction in the coming months.

If you want to see the latest trend trading and index investing graphs from BuyOrSellFunds.com, log in or register and download them from this blog post.

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