[Dear Readers: This will be my last blog update as I’ve figured that I was no longer serving any purpose in writing here. My original plan to attractive a pool of like-minded traders to exchange trading ideas is not forthcoming after almost 8 months blogging. If you wish to ask any question and share information [...]

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MARKET COMMENTARY
Tuesday was not a typical trading day. The market whipsawed throughout the day in active trading. Volume surged to all time high and closed with a three-digit gain. The entire day of trading was heavily influenced by the Federal government’s AIG bailout as well as the interest rate change. I guess the market had [...]

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MARKET COMMENTARY
The Dow plummeted more than 500 points on Monday. Basically, the financial markets had been battered so badly that virtually everyone stayed away from financial stocks. The announcement of Lehman’s filing for Chapter 11 bankruptcy protection caused havoc in international financial markets. Across Asia and Europe, stock markets lost between 5-7% in one day [...]

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MARKET COMMENTARY
The 241 points drop in Dow erased all the gains made on Friday. Yes, the lack of volume on Friday failed to propel the stock markets higher on Monday. In fact, it is more likely that the market may continue to go lower, instead. The daily chart has failed to provide more meaningful information [...]

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MARKET COMMENTARY
Alright, we have a breakout, finally. This is a sign that the bulls are kept at bay. If the Dow breaks the last low at 11300 tonight, we can expect the market to trade in a range for an extended period. What will be the support for the range is yet to be determined. [...]

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