XJO 0.31% 8,218.8 s&p/asx 200

w000t wednesday, page-49

  1. 3,731 Posts.
    PP, all index in US are in critical stage, I mean immediately below multiple resistances, trendlines, targets, trangles, wedges whatever you want to name it.

    Half-day trading tonight might save the America. I doubt there is huge movement tonight because lack of big money movement. followed by Thursday off, and Half-trading day on Friday. Usually, most companies in US will let Friday off too.

    So Monday 1 Dec is the cretical one. They will release all sorts of holiday weekends sales figures.

    If not too bad, I guess US will Rally.

    But the odds on the downside is higher than upside. I remember in 1974, US market retest low in early Dec. We might have one, at least for our market. I guess nobody is comfortable with V sharp bottom. We want big "W".
 
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