Hey folk
I do expect the market to have pull backs for the next few days, as said in the previous few postings. This pull back can range from 3 - 8% in different market.
I do not expect a crash but just a healthy pull back before the major rally come in again.
The major indices around the world , are going to formed a inverse H&S, which mean it would move up more.
On the weekly chart of the indices, they are all bulllish. Which support the idea of a stronger upmove in the near future.
Eur/USD is going to be stronger and stronger.Lots of bullish flag on the EUR while lots of bearish flag on the USD. The relationship still stay when the USD goes down the stock mkt goes up. There are people teling me that dont make sense..BUT No matter how good your fundamental you are, you are not the head of the FED, the fundamental always come out on the chart first, whatever they are doing now is good for the stock mkt.
I also do expect US mkt in the near future to perform better than the Asia mkt. Hot money is printed there, it came to Asia and left, now it is going back where the origin is...
Gold is going to hit new high again... i guess this precious metal is going above 1500 per ounce.
