[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
Just when I began to be thrilled by the prospect of a sharp drop in market on Thursday because I owned some put options, the markets rebounded within 20 minutes or so. The Dow plummeted more than 160 points during early hours of trading but gradually inched up for much of the day. It [...]

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MARKET COMMENTARY
The markets made another 180 degrees turn - extremely volatile and difficult to decipher the next direction on daily basis. The Dow gave back almost all the gains made in the previous day. Volume also surged strongly on this trading day. Given this scenario in conjunction with other indexes, Wednesday’s market can very well [...]

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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 [...]

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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 [...]

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