Subscribe Now

Monday, April 26, 2010

For my fellow portuguese investors...

For my fellow portuguese investors it seems the PSI-20 is not looking for a rest at all.

After a sell signal last week, it has already gone down 6.7%, and as far I can see there is no reason at all to be investing in PSI yet.

EDP-Renováveis which is the third biggest company in terms of renewable energies in the world, is not attractive at all at this moment and I can't understand how so many portuguese investors love to buy a falling knife...

I don't know when will this correction on PSI-20 will end, hey, it may well be the new leg of a bear market.

And just for curiosity, if past holds any truth, PSI-20 index, since its' creation has been an excellent prognosticator of what is to come to the world indexes. Usually the portuguese index breaks first than the more renown indexes such as S&P 500, etc.

But this time... this time may be different...
blog comments powered by Disqus

Live Economic Calendar Powered by the Forex Trading Portal
Disclaimer: The information provided on this website, while timely, colorful, and accurate, is not to be taken as financial, legal, tax, psychological or any type of advise. The purpose of this website is to track the progressions of human herd psychology as it is reflected through several financial markets. Any commentary on this page, however useful it may be, is used for illustration, and to inspire thought provoking discussion, and not to be taken as specific trade recommendations. We are not endorsing any site or service, nor are we promoting choice examples as real-life trades. If it sounds sarcastic, it probably is and if it offends you, just don't read it. There are tremendous inherent risks in attempting to trade any market using any vehicle, particularly if it is leverage. Please contact your broker to explain all risks involved in the vehicle you will be trading and any questions you may have.

Back to TOP