Monday, March 22, 2010

Market trend ww11 2010

Dow continue its 4 days rally, give up a bit on expiration friday, last 15 mins buy up push losses less than 0.5% . Dow formed a long leg spinning top may show sign of exhaustion, but overall sentiment still bullish



S&P500 show sign of morning star, have to wait another candle to confirm retracement.But support still at 1150 level.



Small cap retrace a bit as we expect last week, will it go sideway or continue to fall before April month, hard to say, but overall mkt still bullish.



This sunday will depend on congress vote result on OBAMA healthcare's project, any negative result may tumble the market. Samll cap leading market since Feb, will it continue to lead or gave up to DOW and S&P ? I opt for Dow will take the lead.

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