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Re-test recent high of 14,000 PDF Print E-mail
Written by Edward Chen   
Wednesday, 26 September 2007

In general, the market should continue its' bullish momentum aiming to re-test the 14,000 mark and will probably surpass it significantly without any difficulty. On the other hand, oil stocks have been giving back some of the yearly gains since it is almost October.

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My Next Marathon Trade - A Trend Trade PDF Print E-mail
Written by Edward Chen   
Friday, 14 September 2007
Revisiting my post on August 3rd, I just realized that the FOMC announcement will take place on the 22nd day after the correctional lows of this Summer. Now a re-test is only possible if Uncle Ben chooses not to bend over due to Wall Street's expectations and leave the rate of interest unchange next Tuesday.
Last Updated ( Friday, 14 September 2007 )
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LOWER HIGHS and LOWER LOWS - A DOWNTREND PDF Print E-mail
Written by Edward Chen   
Monday, 10 September 2007
The DOW has been making lower highs and aiming for lower lows as well.
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DOW nearing 12800, support or no support? PDF Print E-mail
Written by Edward Chen   
Thursday, 16 August 2007

Previously mentioned support level of the DOW at both 13,000 and 12,800 are now reality. DOW should rebound briefly.

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In response to the question on my previous journal, the DOW answers, "TODAY!" PDF Print E-mail
Written by Edward Chen   
Friday, 03 August 2007
Again, no surprises at all. The DOW dropped more than 280 points for the day and managed to re-test the recent low before closing.
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DOW's 1/3rd re-tested yesterday, when will the recent low be re-tested again? PDF Print E-mail
Written by Edward Chen   
Friday, 03 August 2007
The 1/3rd retracement at approximately 13,500 was re-tested yesterday. The recent lows ought to be re-tested in a matter of days. NYX (New York Stock Exchange Euronext) seems to be aiming to re-test the recent lows as well.
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