Based on the two technical indicators shown above, possibility 2 as mentioned in my previous post looks more likely. With that the probable outcomes can be narrowed to two, i.e. the 9 or 13 mini waves can either be (III) which is very bearish or it can be 1 of (III) which is very bullish, two extream and opposite outcomes. It has to be like that, or else the market can not exist, there must be seller and buyer to execute a deal. It is safer to assume that it is (III), take your profit and keep cash until it can be confirmed that it is 1 of (III). When 1 of (III) is confirmed, there is ample time for one to profit in the 3 of (III) and 5 of (V). On the other hand, once it is confirmed that the 9 or 13 mini waves is (III), Dow is going to come down very very fast, one will have no chance to get out with a good price.
1 comment:
Chan, since the American banks are trying to sell their stakes to settle TARP, it is important for them if the global equitity markets are kept in bullish trend for a while in order to get a good selling price for their stakes.What is your take?
Post a Comment