Fed resuce but it is too late

1/22/07

Before US stock market open, Fed made an suddent surprise to stock market with 75basis point cut(for last 23years fed did not reduce more than 50 basis point in one time) to avert recession. However, this act has proved that US economy has already been in recession with no doubt at all. So, it seems resuce the DOW did not make lost ground today and rally back recover opening almost 500points lose to close 128points at 11971. Well, my friends and fellows, US stock market has proved in Bear terroritory, today may act as temp bottom but we have long way to go before we have an meaningful rebound. With stock indices retract back to around 20months moving avereage, it define a strong technical resistance level for the stock. Do not trade too much to catch the bounce because it will go lower, I mean LOWER for sure. Next level is 11000 for the DOW and S&P will go lower to 1250. Good luck trading to all.

Worldwide Stocks Big Sell Off

1/21/07



Today US stock market closed for Martin Luther King Holiday. Otherwise, it would be another down day. But current future indicate that US stock market is going to open much deep down for 1/22/07 trading day. It is because Asia, Australia, and European Stocks markets are trading down big time. With 5% decline in Shanghai, 7% in Germany, US stock market will suffer the worst since 9/11/01 events. I will expect to see big down day tomorrow around 500 to 1000 points intraday lose before recover some