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.

DJIA
Near-Term Resistance level: 11,000
Top Resistance level:  12,000