This week will make a very interesting weekly commentary which I would like to share some of my thought .Today market get ready bad in the begining (we just touch a few high) but fail to break the Tuesday Low which is 992 and close above Tuesday high...
From Speculative View:
During intraday trading make a "U" rebound and "w" up closing ... Look like testing the bear and bull trading pattern.
What about Monday ... Monday might make another test at 992 area and might end @ 1006 high the end of the day.
From Fundamental view,
Look like a strong bear is forming like I wrote in my blog on 7 of August http://realityinvestment.blogspot.com/2009/08/from-bull-turning-to-bear-when-will-be.html .
From this level there will be a lot of bear which will short most of the stock at this level and bull reluctant to go long which I believe that to ignite a short covering the S&P will go to a new high which my first target is 1020 - 1030 area.. and planning to start major short at this position.
Next week will be very trick cause all news pointing S&P downward but will there be any "unexpected surprise" ...
Talking treasury Auction and linking to stock selling... I think should find opportunity to short bond and long emerging market.
Good trading every one
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