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Re-test recent high of 14,000 |
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Written by Edward Chen
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Wednesday, 26 September 2007 |
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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 |
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Written by Edward Chen
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Friday, 14 September 2007 |
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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. |
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Last Updated ( Friday, 14 September 2007 )
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LOWER HIGHS and LOWER LOWS - A DOWNTREND |
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Written by Edward Chen
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Monday, 10 September 2007 |
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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? |
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Written by Edward Chen
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Thursday, 16 August 2007 |
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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!" |
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Written by Edward Chen
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Friday, 03 August 2007 |
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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? |
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Written by Edward Chen
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Friday, 03 August 2007 |
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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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