Trader's Logbook

BEL is ringing again just like last July (The BEL is ringing.. for what signal?) Will the sound be harmonious this time? After the action last July it has been going down until today when its rally looks convincing. It went near the 38.2% Fibonacci Retracement level then shoot up passing the 23.6% level although it closes below that level but volume is very thick. It also shows it breaks from the wedge it has formed. Maybe some groups know something we don’t know? For now just ride the lightning and sing along

Caveat!