DJ might retest 10,550 level before going further to top its previous high of 11,250. Otherwise a more severe correction will follow through to retest its lower level of 9,500 range.
Again, US & EU have the most influence to the world markets than China and other emerging markets. So when US sneeze, the rest will have greater change to catch flu. Hopefully not Swine-Flu.
Short-term to watch out: 15Jun - 15Jul 2010.
Intermediate-term to watch out: Sept - Nov 2010.
Best Trades at this economic condition: Best leading stocks with Innovative Technology, Superb Management or Outstanding Product/Market. Do not forget about Natural Gas, Silver/Titanium/Gold and Reverse ETFs too.
Wednesday, June 16, 2010
Wednesday, March 17, 2010
Correction / Crash?
No doubt Q4-2009 and Q1-2010 had among the few Bumpiest Trends which I would called Correction. I guess alot of people are talking about Correction / Crash other than just Rally nowadays. The market is trying its best to pursue higher without stop taking any kind of possible catalyst to drive it.
Watch out between May - Oct 2010 for both Corrections & Crash, as the current market trend is building-up to get ready to burst it used-up all the remaining catalysts available since 2009. As usual, there would be several corrections combined together to form a great Crash.
Watch out between May - Oct 2010 for both Corrections & Crash, as the current market trend is building-up to get ready to burst it used-up all the remaining catalysts available since 2009. As usual, there would be several corrections combined together to form a great Crash.
DJIA
Near-Term Resistance level: 11,000
Top Resistance level: 12,000
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