Where To Now?

The market for the past 3 days, after Chinese New Year celebration, has shown sign of retracement. Will this southward movement continue today? Before I forget, the market on 12th february did not open within any of my forecasts.

Today

My forecast?

1) If the market opens between 2591 to 2602. Sell after the market has retraced passing down the levels between 2580 to 2585.
2) If the market opens between 2600 to 2610. Buy after the market has moved up passing the levels between 2605 to 2610.
3) If the market opens between 2582 to 2590. Sell after the market has retraced passing down the levels between 2572 to 2577.
4) If the market opens between 2615 to 2625. Buy after the market has retraced a bit and then moves 5 points above the opening level.
5) If the market opens between 2565 to 2577. Sell after the market has move up a bit and then falls 5 points below the opening level.
6) If the market opens other then the above...it is up to you, you can eat all the Mandrin oranges which were given by your friends, if they are any.
7) Also please refer to my posting dated 11th January,see #6.


That's about it guys.....


Have a nice trading day


10.03am