Monday, May 19, 2008

200-Day moving average beckoning

Can you hear the bulls knocking? The horns locking... we looked set to challenge the all important psychological level of 200-day moving average soon. We may be meeting the bulls at 3300 in a decider.

Plenty of economy data out in the US this week and market will seek clue abt Fed's thinking in the FOMC meeting minutes to be released on Wednesday. It is important to decipher how the market react prior to the news and after.

As for HSI, i will be looking at opportunity to long this index.

GrowMoney Quickpicks

Quickpicks are generated from XPertTrader

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