MARKET COMMENTARY
 
The market continued to move in a more organized manner on Tuesday. This stability is reflected in the Volatility Index ($VIX) which showed only minor gain in a relatively strong falling market. The Dow had lost 231 points on Tuesday.
 
The Dow’s triangle pattern remains intact as of yesterday. I am still anxiously waiting for [...]

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MARKET COMMENTARY
 
The US government is standing by to inject more funds directly to the banks. This should come as good news for Tuesday. The seemingly positive news did catapult the indexes to a new high since the crash began two weeks ago, but only to see them crumbling down to a loss of 255 points [...]

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MARKET COMMENTARY
The Dow crashed 345 points to make it more than half way to 11,000 support level. This is an important move that could drive the market much lower, kicking start a new round of sell-offs to lower level. Friday’s market should take on the cue of Thursday’s trading result and go lower. But it [...]

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MARKET COMMENTARY
Wow! This is my reaction to Tuesday’s market. I have seen it coming when the futures market traded at over 100 points prior to the actual market open. Within 20 minutes from opening, the Dow surged over 200 points. Usually, I treat any market that goes over 200 points before mid-day as pretty set [...]

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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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