Friday, October 13, 2006
Market At Decision TIme
The stock market has been going up in bull mode since july of this year. But the time has come to pause and refresh (if the market wants). The SMH chart above shows that it's at the trendline resistance. If it breaks above the trendline then the ride up will last a little longer.
Does it break above or not? bulls are laughing all the way to the bank , bears are scared but no at extreme level. May be SMH has to break above the trendline to break the back of the bear and bulls to get giddy.
Sunday, February 12, 2006
Dow will cross 11,000 again
Saturday, January 07, 2006
Russell 2000 broke resistance and moving
Happy New Year.
As mentioned in the December 6th posting, the market needed a rest and it consolidated for the past 4-5 weeks.Now it brokeout yesterday from that consolidation range and it looks like will continue its upward movement.
But there's always a catch.It's like whether the market got enough rest last month to continue the upward move and not fall back. So watch for market not to fall back below 690. If it does, then it will continue to consolidate. Looking at other market indexes and components market is in good shape to continue its move upward.
As mentioned in the December 6th posting, the market needed a rest and it consolidated for the past 4-5 weeks.Now it brokeout yesterday from that consolidation range and it looks like will continue its upward movement.
But there's always a catch.It's like whether the market got enough rest last month to continue the upward move and not fall back. So watch for market not to fall back below 690. If it does, then it will continue to consolidate. Looking at other market indexes and components market is in good shape to continue its move upward.
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