MARKET COMMENTARY
The U.S. Treasury’s plan to restructure bad debts from banks had boosted the market to a high that we have not seen for a long time. The last half hour of surge created a bullish mood for investing community. For this reason, we can expect a follow-up bullish session for Friday. Nevertheless, it is [...]

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MARKET COMMENTARY
It was a chaotic trading on Wednesday. Basically, everyone in the market sells. The financial sector has been in total ruin despite the Fed’s intervention. More banks are under spotlights for scrutiny for possible failure. Immediately, Morgan Stanley has flashed the red light when they seek fund from the Chinese. This is still underway.
The [...]

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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 gained 89 points on Wednesday. This is, as far as the market is concerned, a technical rebound. There is no apparent reason for the rise. More major news - positive or negative - needed to move the market up or down. We can expect more volatility in the market over the next [...]

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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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