Dow tested 10,000 and goes below lower again… how?
Posted by admin in Futures Pick, Graduates Video Testimonies, Market Analysis, Stock PickGood Morning,
We will be conducting our 2nd V3Go Mentoring Program (Indonesia) and 30th V3Go Mentoring Program (Singapore) in mid/end of November 2009. If you are interested to join our program or have enquiries to seek clarification, please kindly register/email us at kelvinhan@cronwell.com.sgThe exact dates will be announced to the Public by tomorrow. We have already received some interest from the people of the 2 countries so do contact us asap as seats are limited. Seeya!!
Market Direction on the STI today:
The upside V3Go ROC pattern already indicate that today we might see some initial resistance on the upside especially with the Dow ending below 10,000 again, after testing it twice over as many days. The Magic Number for today is 2723 thus unless we can see a strong STI, if not, shall the market trades below OP of today, one should be caution in going long today. The V3Go DIFF S/L will be at 2708.I expect this level to be the initial support for today. The STI closed at 2716 yesterday.
Gameplan in mind:Yesterday, our picks; Financial One, CapComm, Hoe Leong and Sinotel outperformed the market with pretty good intraday gains while UTD and Genting traded lower. Not bad, 4/6 score card with the STI only up 1point by the end of the day. For today, we will be looking at some profit taking on those who went up yesterday, to lock in the profit and wait for the next good signal to enter into the market. So do check this blog on a regular basis for any new entries!!
Market Direction for Hang Seng Futures
The market was closed yesterday on Holiday thus we expect some serious trading upon the opening bell and most probably we will see a gap down first before some bargain hunting to resume IF it trades above the OP of the day. If not, one should be shorting or selling into the market. The Magic Number for any possibility of UPside will be at 22733. The market closed at 22601 as of last Friday.
Market Direction for Jakarta Stock Exchange
The market closed at 2467 yesterday and the V3Go TSC is a DT TSC thus, unless we see the market going above 2475, if not, one should be shorting or selling into the market. But should the market go above 2476 convincingly, one can expect upside to 2520 in the coming 2 weeks.
Have a great trading day ahead. WIN MORE Money and kindly donate 5% of your winning to Charity of your choice. By Giving is Receiving.
Cheers!
Disclaimer applied as usual
Kelvin Han
Originator of V3Go Mentoring Program
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