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Written by David Hanson
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Sunday, 17 August 2008 11:25 |
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As the market has been seesawing upward, we must not forget to step back and take a good look as to how we are generally moving. The 5-week climb we are experiencing will never be forever and it is about time we anticipate and prepare for the Bear's turn. Our previous outlooks have been pretty much accurate and we have seen all three indexes move to the direction we have expected. Here's a detailed analysis for the week: |
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Written by David Hanson
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Saturday, 09 August 2008 17:25 |
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The Bulls in DJIA displayed an olympic-inspired performance last Friday as it zoomed from a short-term trend line support to breaking the 11,680 resistance anew. Sad to say, there wasn't much value to this climb with just 209,212,500 volume thus, we will see a bit of correction soon. However, we shall continue to stand on our outlook on the DJIA as sideways to up as it keeps itself above the short-term trend line but failing to break 11,820 resistance. The Bulls will definitely try to hit the psychological 12,000 region in the weeks to come. Expect volatile days to continue with market action swinging 100 to 200 points a day. Bears are waiting for the perfect time to strike their paws. Be cautious. |
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Written by David Hanson
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Sunday, 03 August 2008 15:28 |
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Most of us must be confused on where the market intends to go. We are currently experiencing extreme market volatility and it's simply because the market is going sideways as of the moment. This has been causing a lot of reluctancy on whether to side with the Bulls or the Bears. Last week's performance of the DJIA, specifically Monday and Tuesday, gave us a short-term basis and confirmation of where it is going. Based on the chart below, we now have a short-term up trend line. As our previous outlooks have stated, the DJIA is bound to move sideways to up. |
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Written by David Hanson
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Sunday, 27 July 2008 07:17 |
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Bulls pushes to higher grounds as DJIA broke 11,500 and 11,650 in succession during the first half of the week. However, Thursday's spooky down turn remains to be a question mark as to where this will really leads us to. DJIA seeks new support levels above 10,732. Based on the down trend line, Bulls should come in aggressively at 11,000 to 11,100 level. They will have to be more aggressive not to waste efforts in breaking previous resistance levels. |
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Written by David Hanson
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Monday, 21 July 2008 01:55 |
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Relief for the Bulls has arrived as the DJIA rallied for 3-days with very good volume. Most of the Bears have helped pushed the index higher as well because they were forced to cover their short positions. Collective buying has upgraded the DJIA from a short-term down trend to sideways to up trend. The short-term trend line as plotted in the chart below show's its significance by being hit 6 times since May 19 when the market peaked out at 13,171. With the break of this trend line last Thursday, we will see the Bulls to forcefully push towards the 12,000 level. Key resistance levels are set at 11,500, 11,650 and the psychological 12,000. |
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