10/13/08As the chart showed, market built a bullish morning star candlestick pattern start counted from 10/9/08-10/13/08 three days pattern. My opinion is the most the DOW could go in 10000 to 10500. That it! Jumping around 2000 to 2500 points from last friday bottom. I did not disclose the longer time frame here that suggest the next wave down will break below last friday lows of 7842. I only disclose to that chart to my client only. Do not be so happy even we have big big rally today. It is just BEAR market rally only. It is still part of the big correction ongoing. And this just solve the banking and credit crisis. The whole world economy is entering into pro-long recession. Good luck trading folks!
No comments:
Post a Comment