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Have the rally ended?
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CWQuah
Master |
28-Apr-2009 23:47
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Still downtrend. (Just my TA assessment). This is the part where most ppl still psychologically don't believe the uptrend already concluded when 1947 peak was tested. Should see some interim support at 1779 (gap support). But failure to hold here will probably allow more downside to approx 1643-50 (after testing 1759 or 38.2% fibo support first). Anyway, 29 Apr there will be FOMC statement also; plus, early May, results of bank stress tests will be coming out. I think probably we'll see some testing around 1700 (50% Fib support), and consolidate for a while for mkt to make sense of all the info coming out. No harm wait for a while more. Short term I'm bearish, mid-long term I'm waiting for the right formation (there's a potential major inverse H & S but it's not formed the RH shoulder yet). |
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senecus
Veteran |
28-Apr-2009 23:26
Yells: "Market Fortune Telling - Senior MFT" |
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Whether it will explode...is still questionable......many people died of flu a year and yet it goes undetected... | ||||
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des_khor
Supreme |
28-Apr-2009 23:10
Yells: "Tell me who is the God or MFT from this forum??" |
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actually already form bull leg liao.... ta ma de the flu.... bull become donkey leg...
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lookcc
Master |
28-Apr-2009 22:49
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eat grass or eat glass or follow mr market??? | ||||
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lookcc
Master |
28-Apr-2009 22:44
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sekali many pessimistic messages mr market still dun care, how??? | ||||
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senecus
Veteran |
28-Apr-2009 22:36
Yells: "Market Fortune Telling - Senior MFT" |
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That will definitely help the employment market... |
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lookcc
Master |
28-Apr-2009 21:39
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right.
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wongmx6
Veteran |
28-Apr-2009 20:46
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Good post, I strongly agree.
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nickyng
Supreme |
28-Apr-2009 17:55
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well...odds are working against u lah...just open your eyes and ears and you shall see thou.... :D
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cheongwee
Elite |
28-Apr-2009 17:48
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Personnally, i dont thk so...this round i expect to see a dow to at least 9000 (10000, extreme bullish) Buying good companies when the headline news is bad is the hardest thing to do (psychologically), but it's the simplest way to buy low. And buying low makes it a lot easier to sell high.That is what we are in the market for... What ya thk??? |
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