Monday, January 07, 2008

Rebound on the cards?


Tonight, we must hold the Novemeber low. Otherwise.... it will really be ugly! The brutal sell off was one with a lot of volume.. 2 ways we can look at it, final capitulation or more shit to come. By Japanese Candlestick analysis, i would love to see a long tail tonight. It will be good to turn long if the long tail is found. Watch Asia markets for clues near closing. We all remember what happened in Aug'07, the markets miraclously rebounded.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.