Huge selling in US has followed up with Asian markets crashing too, supports will vanish again today. The above chart gives us a app. targets below where the markets should take support. 3850 zone ,3790( old low) and below 3680 then holds the key to this unprecedented deluge caused due to total collapse of US financial giants.. The DTI is still pointing strong sell lets see where it takes us..2 gone, 1 bailed out , 2 struggling, what more can be bad...all bad news has come in droves..CRUDE /GOLD moving up..A very heady cocktail for disaster.For brave hearts again, buying a little in extreme panics has always given dividends, as this is a real one way road so far..SELL/SELL/SELL, but trade with your risk appetite only as conditions are really bleak.REMEMBER TODAY WILL BE THE 8TH DAY OF CONTINUOUS FALL.cheers and best of luck .Thursday, September 18, 2008
TSUNAMI AGAIN IN WALL STREET
Huge selling in US has followed up with Asian markets crashing too, supports will vanish again today. The above chart gives us a app. targets below where the markets should take support. 3850 zone ,3790( old low) and below 3680 then holds the key to this unprecedented deluge caused due to total collapse of US financial giants.. The DTI is still pointing strong sell lets see where it takes us..2 gone, 1 bailed out , 2 struggling, what more can be bad...all bad news has come in droves..CRUDE /GOLD moving up..A very heady cocktail for disaster.For brave hearts again, buying a little in extreme panics has always given dividends, as this is a real one way road so far..SELL/SELL/SELL, but trade with your risk appetite only as conditions are really bleak.REMEMBER TODAY WILL BE THE 8TH DAY OF CONTINUOUS FALL.cheers and best of luck .
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