Friday, 3 October 2014

Strong rebound today might propel market forward these few days

Dear Friends,

After a few days of fall, DOW seems to be having a turnaround today. There seems to be a very strong support from 16500 to 16700 region.

I believe that if all is well with the non-farm payroll tomorrow (which I predict to be in-line or better than expectations), the market might halt in the fall.

Looking at the market, I do feel that the currency might also have a rebound. All major currecies against the USD have all been falling. Same as crude oil or gold. But it does seem like all has a good chance for a rebound.

Let us see if it does. We are longing the US market now. No risk no gain...


Regards
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...