Welcome to my Trading Blog

Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Thursday, May 20, 2010

DJ and S & P ARE AT TREND CHANNEL SUPPORT, NEXT MOVE IS CRITICAL !

DJ plunge 376 pts, closing at 10067., a massive raid today., and  S & P dropped  4 % TO 1071 !, Indicators showed Bearish extreme !

Now S & P (at 1071) is exactly sitting on the trend channel support, Next trading opening is extremely critical, Breaking the trend channel support exposes BELOW 1040,then to next support at 1000, the near term future is looking very ugly indeed.

Please click on this site if you cannot see the attached image/graph: http://twitpic.com/1ph0tc

Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)