Market Sense

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CK Choy.

Market Sense 市场意识: A triple digit fall in DOW at noon US time
Be decisive, Be patient, Don’t be greedy, Don't be stubborn

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The information contained in is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

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Note:
All TA (Technical Analysis) view using charts are for illustration purpose only.
Unless otherwise specified, all charts' sources are from POEMS(Phillip Online Electronic Mart System)

Friday, 22 March 2013

A triple digit fall in DOW at noon US time


Now Dow is just 100 points down at noon time. If it closes today like this now, it will be DOW first triple digit decline for near to a month. In fact, I have been looking forward to a decline of some degree this or next month. So far, this month has proven to be a glorious month for the DOW because of the good economical reports released at the beginning of the month.

In fact, I am very clean with no positions in the stock market now. Somehow I feel uneasy going into the US or local market purchasing stocks as I know the risk is still there. I am just putting my funds into commodities now as I do not want a stock market reversal to hurt my positions.

This market sure needs a rest, and I probably urge you to take profit on your short term bullish positions.
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Posted by ckchoy77 at 07:21
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