Market Commentary
Surprise, surprise, surprise. The U.S. Congress rejected the $700 billion bailout. The market tumbled while the votes were being counted. As soon as the votes became clear that the Congress would reject the bill, the Dow fell to a loss of 673 points within seconds. The stock and options exchanges were inundated with huge orders to [...]

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MARKET COMMENTARY
The market indeed tumbled yesterday. The Dow may have even broken the uptrend line which formed a support. While I still believe that the market may fall further on Tuesday, the volume on Monday was disappointing. In addition, the last minute pull-up that pared losses may suggest the bulls are making a come-back. Hence, [...]

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MARKET COMMENTARY
The equity markets stalled on Friday. This is a common phenomenon when a big surge or crash occurred the previous day. Usually this is a sign of continuation of current trend. Therefore, we can expect further slide of the market on Monday. I am a little discomfort by the 200-day moving average right below [...]

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MARKET COMMENTARY
I hope some of you had caught some fishes on Thursday. There were so many of them that I do not have enough lines to catch them. The Dow has finally done with the rebound - so are other major market indexes - and made a big U-turn. Although there are market commentators who [...]

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MARKET COMMENTARY
The Dow is leveling off. Just as expected, it posted a small loss, with the S&P just slightly off the breakeven mark. Now, the critical moment is coming. Both indexes are poised to break down on Tuesday. This can be the confirmation of the end of rebound and the start of a reversal back [...]

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