Master Rider Blog

Technical Rebound Soon!

January 1st, 2008 admin

Despite the false break in tech stocks that I talked about in my blog dated 27 June 2008, my own read is that major markets are poised for a good technical rebound very soon. The false break encountered on 26 June was actually an attempt for a rebound but failed (due to many bad news), however the “pressure’ for a rebound remains intact. This time round, the rebound shall include all major indices (not just tech stocks). These include, DOW, Nasdaq, and many regional indices!

The above of course is baring unforeseen circumstances. Assuming if there is no event risk or major bad news, markets are likely to bounce up within the next 5 trading days. If my analysis of the markets were correct, then I shall start to accumulate stocks/indices right NOW! In fact, this is what I will do today. I am a bit “Kia Su”, hence I shall complete all my buying within today!

As this is my short-term trade, I aim to achieve anything between 5% to 10% gain. Always practice good investrade habits in setting your profit target and cut loss level. Please do read the disclaimer and take note that you are investing at your own risk! Good luck!

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Entry Filed under: US Stocks