Apr 6, 2008
are we seeing the bottom here?

 

many bad news were released past few days and yet the dow ended sidelines.

Friday announcement of job data reflected that it was the worse in 5 years with a loss of approximately 80,000 jobs in the US.

should have dropped deep, but it did not.. wht does this tell us?

the charts show dow in a consolidating mode after a 4% blast off on april fools day

i foresee a few more days of consolidation before another push up

looking forward for the dow to hit 12,800 soon, then sti may follow the rally

looking forward to this short rally soon.

 

Buy

Mercator lines $0.305

 

Posted at 05:25 pm by kohsijie

 

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