Monday, August 22, 2011

market sentiment ww33

needless to say, macroeconomic no good, negative econ data, low manufacturing index from US to china, and market going to end of Aug, traditionally bear period, september also a non bull market, lets wait all the negative news subside and stay in cash will be better stratergy.
DOW need to hold at 10700 region, a break down will be expect to 10K to 10.3K level as soft support. S&P500 need to stay on 1100 region.

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