Market sharp u-turn ( 61.8% Fibo level) last week seems no retracement, very ambitious to meet 12950 ( 161.8% Fibo level ), I think we may get it in the first week of May..
By then,Tighten your stop, I have start to look for few bearish counter
Saturday, April 30, 2011
Market sentiment ww17
Looks like market stay on traditional way, to start April with bull and end with Bull, quite accurate if check history..
Market sharp u-turn ( 61.8% Fibo level) last week seems no retracement, very ambitious to meet 12950 ( 161.8% Fibo level ), I think we may get it in the first week of May..
By then,Tighten your stop, I have start to look for few bearish counter
Market sharp u-turn ( 61.8% Fibo level) last week seems no retracement, very ambitious to meet 12950 ( 161.8% Fibo level ), I think we may get it in the first week of May..
By then,Tighten your stop, I have start to look for few bearish counter
Tuesday, April 26, 2011
Double top ?
all 3 benchmark again hit 3 years high, shorterm wise meet double or tripple top also.. market seems to be weak waiting for FOMC rate decision this 27 April. VIX also meet another low, and too complacent on bull situation...decide to wait confirm direction.
Sunday, April 10, 2011
Mkt sentiment ww14
S&P500 retrace after meet the resistance, other benchmark also seeing the same.
Earning seasons is coming, i do hope bull will continue its strength.
Earning seasons is coming, i do hope bull will continue its strength.
Monday, April 4, 2011
Market sentiment ww14
Great, cosco really bounce with more than 13%, but face resistence at 200sma line at 2.11 region, expect the stock go side way a bit before another run up. Target previous high of 2.44 level.
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