My finding atthe middle of the earning report, As usual this period remain volatile but the issue i have is it is more difficult to be predict or forecast.
DJI
So far most of the companies reported no surprise but DJ reaction was positive which in line with the reports. as a result she break through 10000 point and reached 10015 points on 14Oc09. However, this was only maintained for 7 trading days, She retraced back without huge effort to 9882 point within 2 days. (Retrace is always faster then up trend). representing 1.3% or 133 points.
Unemployment in US remain growing but slower then before, consumer confidence level is not fully recovered so the risk will still remain high. In next month there will be a thanks giving holiday and then X'mas in Dec, I think this may help to hold the position for a while untill end of the year due to this season event.
Q12010 , will be a good discussion topic for all investor.
See attached chart for DJI
1 month chart.
1 year chart
It show a parabolic if you look at the uptrend from Mar09 till now.
No comments:
Post a Comment