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Post by zuolun on Mar 3, 2014 12:17:36 GMT 7
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Post by stockpicker on Mar 5, 2014 7:31:29 GMT 7
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Post by stockpicker on Mar 5, 2014 7:34:17 GMT 7
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Post by stockpicker on Mar 6, 2014 8:44:36 GMT 7
A repeat? Watch tonight's show..  |
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Post by stockpicker on Mar 6, 2014 12:22:15 GMT 7
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Post by stockpicker on Mar 6, 2014 12:32:41 GMT 7
This guy, Dent, predicted that DOW will hit 6,000.. wow...he predicted that DOW will continue to climb and hit 17,000 before plummeting www.realclear.com/markets/2014/03/03/get_ready_for_the_dow_at_6000_by_2016_6001.htmlDent also predicted DOW will get to 6,000 by 2015 in 2012, then DOW was at 12,000 But he predicted DOW would reach 20,000 by 2009 in 2007 but later, revised it. voices.yahoo.com/harry-dent-forecasts-dow-20000-year-2009-are-324350.htmlThis Prof Jeremy Seigel forecasted that DOW will reach 18,000 by year end.. www.realclear.com/markets/2014/03/04/siegel_were_only_in_4th_inning_of_the_bull_market__6016.htmlbut Seigel forecast for 2008 was terribly wrong.. img.en25.com/eloquaimages/clients/WisdomTree/%7Bbe9ab660-056b-4553-9032-b71920bca50b%7D_Siegel_Commentary.pdfLooks like all these are just fortune tellers who are more interested to sell their books... better read with a pinch of salt.. |
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Post by stockpicker on Mar 8, 2014 10:09:37 GMT 7
The bearish harami candlestick appeared on Wednesday was not confirmed on Thursday; instead, DOW rose in Thursday and Friday despite Germany and the Europe sectors were having terrible time. The trading volume was pretty low in the last 2 sessions which appear to suggest that DOW might not be ready to take the plunge. As DOW approaches its last peak or plunging toward the neckline, we would like to see heavier trading volume as shortists or longists taking cover as a confirmation..
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Post by stockpicker on Mar 14, 2014 15:09:08 GMT 7
DOW was down but not out totally until it goes below 16,100 which is presently providing the support.. it would also have to break the base of ichimoku at 15923 and then the other support at 15,700 before it test 15,350 and the neckline.. so there is still a lot way to go.. meantime, Shanghai, Hong Kong and Singapore markets already in bear territories and Germany and Tokyo soon to follow, they may put pressure on the US markets.. The present technical chart for DOW is not looking too healthy..  |
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Post by stockpicker on Mar 16, 2014 20:25:36 GMT 7
Many US Analysts were expecting FED to continue with the tapering in the FOMC next week. Some said the tapering might continue until QE is zero if the economy continues to improve; some said if the tapering is as announced, the stock market would not be affected much as tapering has been priced in the market www.fxstreet.com/analysis/forecast-central-banks/2014/03/14/Chartwise, DOW has broken the minor support on 16,100 and it will want to test the 15,700, failing which, test 15,350 and then the neckline. As the trend is going down, it is unlikely that DOW will make attempts to scale new high unless there is a sudden change for example, FED announces to hold or reduce the tapering.. |
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Post by stockpicker on Mar 16, 2014 21:36:21 GMT 7
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Post by stockpicker on Mar 20, 2014 11:19:36 GMT 7
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Post by stockpicker on Apr 1, 2014 11:09:43 GMT 7
The US stock market has turned back up.. this is really gruesome for the shortists who have expected all to fall when Yellen spoke about possibility of interest rate hike early March.. but now the same person said.."No No.. the job market isn't ready". The stock market went back up...Yellen spoke like a six year old kid.. "don't want to play liao". Lets see where US market will go..It has bleached the last high of 16,453, now aiming for 16,576. This will prolong the head and shoulder pattern formed since Nov 2013. stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p21663103360 |
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Post by stockpicker on Apr 4, 2014 5:45:35 GMT 7
Interesting development in the US market. The jobless claims has increased and the rest of the economic reports were not exciting, yet the stock market remains resilient. DOW and S&P went flat last night. It was said that the investors were waiting for tonight's job report. Technically, the chart is not supporting the wait as there was diminishing volume traded across the board over the month as DOW climbed. Although the OBV climbed in the last week, it wasn't strong enough to create a mark that one could assume that DOW was ready to break the resistance @ 15,576, the last high. If the job report tonight did not see a break-through, US market will start to see a fall beginning to form. The US markets will need "opium" to keep it going..  |
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Post by zuolun on Apr 5, 2014 0:15:57 GMT 7
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Post by zuolun on Apr 5, 2014 14:52:43 GMT 7
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Many would have thought that the Ukraine war has nothing to do with the World's stock market performance but judging from today's market response, this is not quite true. The Europe and US futures are down by more than 1% and Nikkei shed about 3% for 2 hours of trading. Whether they will recover is a matter to be observed later.
