Wednesday, March 23, 2011

Mkt update

Hey folk

Gold: I guess my posting on gold a few months back is not true anymore. Gold is heading the way north. It will be moving up another 1000 buck per ounce.

US mkt As we witness the little drop yesterday, which create a inside bar (which mean the market is confuse of the direction). Stay at the side line if you are working on intra day trade. Now you see the market still flirting around the positive and negative zone. As posted yesterday of the resistance still hold. In the short term, there is for sure lots of up n down. My forecast till end of the year and end of April still hold.

Asia mkt: Pretty mix here. STI went up, HSI is in a inside bar. So if you are have accumulate in the last few days, that good. If not, dont buy now.

I am still holding on cosco, indoagri, genting. These are stocks that i bought a few days ago or last week.