Stock market soared yesterday and today especially in Asia as people actually believe in G7 power and nationalization of banks would help the economy to recover.
Stock Market in Asia soared yesterday and today. Market such as Nikkei and Hang Seng, soared more than 10% in 2 days.
European stock market open high in early trade, rise more than 5%. Together with yesterday gain, European stock market rise more than 10% as well. FTSE 100 touched an intraday high of 4534.35, a 15% jump from last Friday close.
US stock market also surge more than 3% in the opening, that's a 13% gain from Friday close but came down sharply to settle at 9435, up only 50 points.
That's the good news folks, and that's the only good news for those who bullish about the market.
Here's the bad news: If you bought today at high or near the high, YOU WOULD NOT BE ABLE TO SELL YOUR STOCK FOR A LONG LONG TIME!!!!! SO GOD BLESS YOU.
Don't believe me? just wait and see.
Time and time again i proved myself right. If you follow my advice from the very beginning of my blog, you'd know i am right and you'd be able to make a lot of money. I remember my first recommendation was get away from Fannie and Freddie.......
This technical rebounded is one of the strongest in history. 15% in two days!!!
As we knew, the stronger the technical rebound, the harder it will fall afterward. So on average and in most conservative way, we will have a 10-15% more on the down side for any stock market from last Friday close. Eg. Nikkei recorded a 1171 point or 14.15% gain today as yesterday Japan stock market closed. So you should take the last Friday close 8276 minus another 14.15% on the down side which equal to 7105.
So that's the most conservative level for Nikkei. By this calculation, you will be able to find the conservative level for any stock market. It may fall lower as that's the most optimistic level. For instant, Nikkei may end up lower than 7105 but 7105 is the best possible ending for Nikkei.
So what we gonna do? I told you millions of time, buy gold and other commodities. Buy foreign currency against dollar such as euro, franc, canadian dollar, australia dollar, NZ dollar, Singapore dollar......
1 comment:
This is one of the best blogs Ive ever read. Youve got some mad skill here, man. I just hope that you dont lose your style because youre definitely one of the coolest bloggers out there.
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