MARKET COMMENTARY
 
There was no reason for the severe market sell-off in Asian market on Friday. The Dow fell 500 points after market opened. In an oversold market, further drop may be limited. What we have experienced so far is unprecedented and considered an exception. Dealing with situation like this, we have to be extra careful. [...]

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MARKET COMMENTARY
 
The bearish wave swept through the market again, renewed its vigor that had subsided last week. I believe the momentum will grow as the CBOE volatility gauge is pointing up again. This is despite some decent earnings from a couple of companies yesterday. Although the market was bearish, it was pretty steady and less [...]

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MARKET COMMENTARY
 
The market continued to move in a more organized manner on Tuesday. This stability is reflected in the Volatility Index ($VIX) which showed only minor gain in a relatively strong falling market. The Dow had lost 231 points on Tuesday.
 
The Dow’s triangle pattern remains intact as of yesterday. I am still anxiously waiting for [...]

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MARKET COMMENTARY
 
For the first time in three weeks, the market was very orderly and unsurprising. It surged 400 points in neat pattern. Certainly, the market became less fearful. This should serve as good news to the value investors. But, there is no guarantee the bear market is over. On the contrary, I think it still [...]

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MARKET COMMENTARY
 
It seems normal for a trading day to wobble in a range of more than 400 points in the Dow, probably higher. What looked like a bearish day could become a bullish day and finally closed at the last minute to a bearish one again. This is the kind of market we are in [...]

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