Did you followed the Dow call and made some good profits while people sold??
Posted by admin in Forex Analysis, Futures Pick, Market Analysis, Stock PickGood Afternoon,
Some of you are begining to email on how come I didn’t post much these days…
Well, in all honesty, I am pretty busy with lots of stuff as I adjust into my new working environment and already placed to work on several projects at the same time. I will be getting more busy as the day progressed towards October month.
But of course, I will continue to give market opinion as long as I find time. Hope my loyal friends will continue to support me.
2 weeks ago, many traders are fearing for the worst as Dow cracked below 10,000 mark and basically, regional markets were selling off and stocks were crumpling down. In short, everyone around me is signaling to me that the market is going to crash down…
But when I run through my charts, from Stocks to Futures to Commodities to FOREX and even the Bonds market, I cannot see the reason for the SELL call. In matter of fact, I think its a great opportunity to load into the market instead.
I shared this idea with many of my trading kakis, my graduates and friends, but other than my grads, who understand the logic of my call, most of the rest were absolutely bearish. One of them wanted to short the Dow Futures, wanting to target 200pts profit and a stop loss of 200pts at the 10,000 mark…. luckily I managed to convince her not to do that. She owed me one dinner.. hehehe (hope she is reading it)
On the 1st of Sep, I also called for buy on regional stock index futures like the HK Futures and yes, it was a profitable call.
I also call for BUY on NIKKEI, STI, Jakarta and Shanghai Index. All proved to be GREAT calls. And I know its always during the CHAOS in the market is where real GEM is hidden. Patient and Discipline are the KEY to successful trading/investment.
Now the Dow have hit my 10,400 target.. I am looking at it to hover around here with some small profit taking possibility but the next charge is definitely towards 10,700. My end of the year target is still 11,300-11,500 for the Dow and I am getting more certain of it after recent slew of economical reports which clearly show that the economy thou weak, but its nowhere near to a crash coming in.
I am very BULLISH for the next 3months and I hope that you too, will share the same thoughts and profit all the way in the market.
Have a great trading week ahead!
Disclaimer applied
Kelvin Han
V3Go System Originator.
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