[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 [...]

If you enjoy our post, feel free to subscribes to our rss feeds

MARKET COMMENTARY
The Dow fell on Friday in light trading. Volume is still comparatively low. Hence, the 171 points loss is not regarded as driver of the new trend. It still needs to break the trend line and resistance line in higher volume to mark a new direction for the market overall.
The Gustav hurricane, which will make [...]

If you enjoy our post, feel free to subscribes to our rss feeds

MARKET COMMENTARY
The Dow finished on Friday with almost 200 points gain. As the market closed with little drawback, it is expected to see a higher Monday close.
The Dow now is beginning to form a Flag pattern - rising parallel lines in a down market. This is continuous pattern and is therefore bearish. However, it is [...]

If you enjoy our post, feel free to subscribes to our rss feeds

MARKET COMMENTARY
The Dow acted within expectation; i.e., making a minor rebound. However, the volume shrank. So, it isn’t indicating anything other than some short-sellers covered shorts. If the market is still in the bearish mood, it may pick up what was left out on Tuesday. Now, most people are going to look at oil and [...]

If you enjoy our post, feel free to subscribes to our rss feeds

MARKET COMMENTARY
The market was very bullish due apparently to the “favorable” action of the Fed’s decision not to raise the interest rate. Frankly, it is hard to fathom how the market can react so strongly the “news” or rather the absence of news. Nevertheless, we can’t fight the market. Judging by the bullishness of the [...]

If you enjoy our post, feel free to subscribes to our rss feeds