Hello, I personally think there should be a correction on tuesday.... to understand market correction, good to read this article again before proceeding.... hehe... :P
http://survivingstockmarket.blogspot.com/2007/10/volatility-vs-severe-acute-distribution.html
Now, why do i say there might be a correction? why would i think there will be one in the first place...
well, on Friday, actually on my side, i think our CI is moving on a healthy style... so am really expecting a good day, at least at the early session on Monday.... but.... walau eh... on the friday night itself, the DJI made almost a 400 point drop.... this itself is severe enough to make any healing wound to burst.... so i personally think Monday's drop is not due to our intrinsic factor.... it is more of a intermarket effect... so this made me to believe tat a correction should have happened on tuesday...
unfortunately, the whole regional market decides to bleed some more.... when i look at our intraday CI movement, and compared it with our neighbours, i notice tat we are actually performing quite well. which leads me to believe that recovery is indeed in place, only might be stalled or masked.... so i am actually putting quite high expectations on wednesday... :)
and i do hope tat it will not let me down...
but let me emphasis again, i am not saying that there will be a major change in the trend, when i say recovery, it just means tat there should be an upmove or an up swing.... wether or not it is enough to make a trend change, will still depends....
Regards & Good luck!
Welcome
First of all, welcome and thank you for visiting my blog... Here are a few things for you to ponder about...
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Nolah, just beggining stage only, but u should hardly recommend my blog to people.
thanks a lot
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wow, your blogs are rather professional !! tea n stock market, impressive. i love your photographs of your "children". so adorable !! :D
Hi Levian,
professional? no la... just simple blogs... hehe....
ya... my dearest children.... the white one is called Hobbitz, the brown one is called Tu Sze... :)
Why our market so lousy one ? US, Europe and Japan up a lot the recent two days but our market did not follow and somemore dropped like shit instead. Arr.. a lot of ppl become "big tied crab" now. :(
hi Khoo, some say it is because of politics, some say oil price.... i personally is a full 100% TA person, so my only reason is because our CI chart is in a pretty scary downtrend.... just hope it will be broken soon... :(
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