Saturday, 21 September 2013

The hype indeed ends these 2 days with a 100 point drop today in DOW

Dear Friends,

2 days before, judging from our indicator, we indeed advised that the recent bullish run might halt a bit after a consecutive 6 days run. It continued for 7 days because of the surprising no QE taper announcement on wednesday.

http://www.danielloh.com/2013/09/6-days-bullish-run-of-dow-may-halt-for.html

It went up one more day, before having a lackluster Thursday and a falling Friday today. We feel that a short term pause is needed before the DOW goes up again.

We feel that the DOW might consolidate next week. Do keep a lookout over the weekend on our next article on the Gameplan for next week.

Rgds
Daniel

STI is the Only Flower stuck in a pile of Cow Dung! - The only major index in Asia that is in the Green

Dear Friends, A few days ago, I issued a post on where I think is the accumulation area of STI - 3300-3350. Yesterday it dropped into thi...