4 replies to this topic

[Tor]

Here is a chart I looked at this weekend:

http://www.marketwat...../intchart.asp

The market is at 4000, and looks like a key resistance level.

I see that rates rose in China (the reserve requirements) earlier today to curb speculation - second announcement in a month, althought it wont be put into efect until 15 May.

This, and dollar strength, are the two factors I see as making the indices vulnerable to a decline at this juncture. That is why I am flat and too early to go short. Overall I have to remain LONG TERM bulish.

Edited by Tor, 29 April 2007 - 11:42 AM.

[Tor]

I wonder if the dow can make it to my 13,700 target and SPX 1600.

[securelstmile]

Shanghai is closed all next week. I wonder if the U.S. traded adrs will use the time to catch up. They are really lagging.

[Tor]

Shanghai is closed all next week.

I wonder if the U.S. traded adrs will use the time to catch up. They are really lagging.

I thought it was open Monday, just what I read?

[securelstmile]

You are correct. Open Monday but then closed for 1 week.

I read this wrong the first line sounded like it would be closed after Friday.

http://www.chron.com...fn/4754638.html