NM
Asia/Pacific bourses getting slammed....LOB Friday!
Started by
Bob-C
, Oct 11 2007 11:02 PM
2 replies to this topic
#1
Bob-C
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Posted 11 October 2007 - 11:02 PM
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.
#2
Sentient Being
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Posted 12 October 2007 - 06:56 AM
Bob, I just saw this. It strikes me as a bit of an over-reaction on the part of the rim. As long as I feel this market continues to happily trend I think I'm going to be looking for an opening here or there. When I saw the rim I thought it may be telling us something or it may simply be over-reaction. For now I choose to believe over-reaction.
Edited by Sentient Being, 12 October 2007 - 06:56 AM.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#3
Bob-C
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Posted 12 October 2007 - 11:11 AM
Bob, I just saw this. It strikes me as a bit of an over-reaction on the part of the rim. As long as I feel this market continues to happily trend I think I'm going to be looking for an opening here or there. When I saw the rim I thought it may be telling us something or it may simply be over-reaction. For now I choose to believe over-reaction.
Hi SB, good to hear from you, thanks for your insights.
Currently the HSI which dived -295 points yesterday hasn't broken its uptrend. Until the HSI and other key Asia/Pacific bourses break their their uptrends they will still be headed up at least for the ST. TWT. Let's see how the US markets end today. IMHO, today's rally from the start of trading is a DCAT rally for the purposes of distributing the inventory that they took in during Thursday's decline after which they will sell short stocks and stock-index-futures contracts preparatory to the next decline during which they will profit from their short sales.Best,
Bob
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.
