Good Morning,
While Thanksgiving is supposed to be a good time for giving but apparently there are some selling activities overnight that led the European bourses down more than 1.5% overnight.
But to me, this selling is justifiable as recent gains do deserve some profit taking and value adjustment. Without the selling, its very hard for buyers to return into the market.
When a market goes into selling/buying mode, before the peak/bottom, it will have to endure the exuberance irrational behaviour period and that’s where prices will keep rising/falling until it doesn’t make any logical sense.
I, personally think,
(1) Gold have risen to a point that one should start selling it. I mentioned before GOLD should hit around US$1180 and now its trading even higher than what I forecast. It hit US$1195 last night for the Gold Futures. I recommend taking the SELL now. I think Gold will slide down to around US$1070 by March 2010 and possibly below US$1000 by end of 2010.
(2) Dollaryen, anything below 85YEN vs the Dollar is a good time to convert YEN to Dollar to keep. I expect the Dollaryen to find support below 85 and then go UP to around 89 level by Feb 2010.

(3) NIKKEI, anything below 9050 is a good time to accumulate the NIKKEI. In all Asian market, this market is having the biggest headache because of the strong YEN problem. I figure that the Japanese Government is trying to let the YEN rise against the dollar so that they can reduce their trade deficit and increase their earning. This will kill the exporters but benefit the importers but it does make sense to do that. The American used the opposite direction to reduce trade deficit because they are primarily importers and they need to reduce that.

I always believe that one should be greedy when others are fearful thus I recommend accumulating NIKKEI at this period and wait until it return to 10,010 by end of Feb 2010. Currently, its trading at 9195.
All the above are long term view on the above selected markets.
I hope you will benefit from these calls. If you do, do kindly donate 5% of your winning to your personal favourite Charity or go to the nearest 7-11 store, there usually place a donation box.
Cheers!
Nothing is 100%. Disclaimer apply as usual.
Kelvin Han
Originator of V3Go Mentoring Program