May 27, 2011: Bulls may target 1333.06 to fill the May 23 gap down.

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SPX: Bulls had showed their strength yesterday to close above 1324.40 (The fibonacci 38.2). Good news: World Recovery Is Gaining Strength, Watch Debt: G8. Stocks rise for fourth day, dollar tumbles Stock index futures signal higher open And good signs: … Continue reading

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May 26, 2011: Bulls may advance to challenge resistances.

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SPX closed yesterday above 1319 (which was my long trigger level). If SPX can close today in green, it would be a reward for those who anticipate the rebound and decided to buy at dip yesterday. Asia market is in … Continue reading

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May 25, 2011: Contrarian play to the Bears is not a bad idea.

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SPX was unable to close above the resistance 1319 after it’s 7 times failed to breakout and closed @1316.28 above the support 1312.7. The next support would be @1310.32/Fibonacci 50%. Majority of Asia indexes are in red. Europe market is … Continue reading

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May 24, 2011: SPX may be in range of 1312.70 – 1319 today.

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May 24, 2011: Asia is about to close in green. Europe opened in green. US pre-market is green. However with yesterday sharp drop and the intraday-gap-filled (gap of April 19-20), market may show skeptical and cautious psychology which will refrain … Continue reading

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May 23,2011: Enjoy your short sells (triggered at SPX 1,339 breakdown last Friday)

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SPX closed May 20, 2011 at 1,333.06 which was met my Short trigger level 1,339. SPX short term downward target would be about 1,319 as shown by the lower pink-line which connects the Apr 20 Gap-up and May 17 Low. … Continue reading

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May 20, 2011: Bears still have chances if 1,346 is not broken out in two trading days.

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The short term bearish was intact however had been threaded at yesterday trading day when the resistance 1,346 was touched by the day’s high. My view is Bears still have chances if 1,346 is not broken out in next two … Continue reading

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Yesterday repeat? (May 19, 2011)

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Market can repeat one more day in green (it is uncomfortable for Bear)? If it is one more day up, It is in lines with my anticipation in my 2 lately posts. However the magnitude of this rebound may make … Continue reading

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A bounce back to the upside is very probable (May 18, 2011)

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We saw a bounce back to the upside in the Intraday trading of May 17, 2011 when the selling power unsuccesfully tried to send SP-500, DJ-30 and NASDAQ down through the support levels (Fibonacci-61.8% and MA50). All three index closed … Continue reading

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The short term bearish may continue till the first week of June

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SP-500 broken down the support level 1,333 (MA200 and Ichimoku Baseline). SP-500 may find support at 1,323 (MA50 & Fibonacci-61.82%) by tomorrow (May 17, 2011) trading session and bounce back to upper side, however this rebounce may be short lived … Continue reading

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Short term bullish however psychology cautious

Short term bullish however psychology cautious

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