Thursday, June 3, 2010

On The Way Up?

For the past 2 days, the market has shown an upwards movement. Will this show that the market is to continue to further going up again?


In brief, the forecast for today are as follows;

In long run, the market is still bearish but the very very short term, the market is bullish now.

1) If the market opens between 2458 to 2465. Sell after the market has retraced and passed down the levels between 2448 to 2453.
2) If the market opens between 2440 to 2453. Sell after the market has gone up a bit and then falls 5 points below the opening level.
3) If the market opens other than the above, it is your call.
4) Also refer to my posting dated 11th January, see #6.

That's about it.

Have a nice trading day, guys.....

P/S: The Israelis attacked the civilian Turkish Mavi Marmara which killed more than 16 people on board using the commandos and 26 war ships? What US has to say to this? What happened if there were to be Americans on board. Well, Obama cannot do anything, the president of US is Netanyahu.