Bear has overtake the bull
Megasales coming tommorrow

Because we all believe in "buying on rumours, selling on news"..haha..
All the news has been priced-in. So just wait for some little retracement..

anytime soon? i won't think so.
Look for Dow jones weekly chart. Its been rising for last 4 weeks.
Last week managed to closed -48.67 points. Meaning its just beginning of downtrend.
I foresee it may last for 1-2 weeks. Anyway, i shorting market now..hehe
Just my 2 cents only

For KLCI, im not sure as i didn't trade in local KLSE market anymore.
Usually i focus on US market. So my post / analysis was for DOW chart.
Anyway KLCI have its own mind. It doesn't correlate much with global market.
For KLCI to reach 1K points, it is not possible. Now is just small retracement only.
DOW may just staying sideline for next 2 weeks before resuming uptrend.
Overall, i'm still bullish. For long investment, its better to long on dips.

DOW futures discounted to cash market.
More to drop. Tonite DOW will close at least above -150points++
Tomorrow big megasales

This post has been edited by dreams_achiever: Aug 17 2009, 09:58 PM

Somehow i think SSEC won't drop much. Its been dropping from peak 3500 to 2870.
Support is ard this level. Fibo 38.2%.
Unlike DOW, last Friday is just beginning. More to drop.
I just afraid that when SSEC rebound, the DOW bear sentiment won't be that great anymore.
So cautious when shorting.

Totally agreed. US markets rock.
More volatile and excitement.

well, this is the risk i willing to take.
as long as trader have its own risk mgmt, thats won't be much big issue

lolz..true.
All been controlled by big sharks coz low volume. Even want to short also wont dare.