MARKET COMMENTARY
The Dow continued to be bearish. It has made new low but rebounded at the final hours. After so many days of record low, the bulls may have some say while the bear may fear a short-term rally. Hence, the rebound can be considered a healthy move. I have identified a minor-resistance just right [...]

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The Dow opened with a strong surge only to falter in early afternoon. Though it closed with a positive gain, the price action of the day suggested that it was not stable and may even suffer more loss on Friday. The bulls are basically not confident of a sustainable market. The bears, on the other [...]

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Monday’s markets are largely indifferent. After the strong market quake on last Friday, the equity markets were stunned. Many analysts had earlier suggested that the markets had had bottomed out. I took the comments with pinch of salt. Honestly, it was simply too early to tell. After the financial markets plunge, many investors had different [...]

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The Dow reached a new high after the last pullback. It gained more than 150 points in intraday trading before retreating to just 66 points at closing. In other words, the bulls were courageous in the opening but cowardly in the end. There may not be follow-through of this bullishness for the next trading day. [...]

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The bulls refused to budge despite a barrage of bearish attacks. The Dow stubbornly defended its support line of the Wedge pattern, closing Tuesday’s session with a mere 44-point loss. Prior to that, the Dow had lost over 85 points. The Wedge pattern remains intact.
Basically, we don’t have much to talk about Tuesday’s market. But [...]

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