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CK Choy.

Market Sense 市场意识: 6 days bullish run of the DOW may halt for a while soon??

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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.

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All TA (Technical Analysis) view using charts are for illustration purpose only.

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Tuesday, 17 September 2013

6 days bullish run of the DOW may halt for a while soon??

Our proprietary CRS system seems to show that the Dow is bullish and keep bouncing off our CRS supporting lines. But I do believe that this bulllish run might stop a bit soon! Perhaps tomorrow we might see a bit of weakening from the indices these few days.

When we say it might halt, I do not mean DOW will surely drop, but just that it might go sideways for a few days.

Expectation of a small tapering might have been already factored into this run-up. So it will be normal that the market will be holding back after the announcement by FOMC 2moro.

Time to monitor 2moro night's reactions and not advised to act now.