Hey folk
here you go...my calling for the up move is coming.is rather confirm in the US. Like i say before, no down where is the up. And if people are selling who are buying.
Also there are many things you can infer from the economic news.
From the posting http://amatuertrade.blogspot.com/2011/06/news.html
You see many fantastic things happening. Of course my trade is base on technical analysis. The news is just the sentimental. From that posting, you see the people in FED saying expect unexpected robust growth in 2nd half of the year. You see China slowing their money policy. You see QE2 is on schedule. Many many others things. If you look at Las vegas which is an indicator of US economy, it is crowded, fill with lots and lots of people. Not foreigner but local. These are tell sign that the economy is on track.
You cant expect a recovery to go straight up. There will always be slow down and then growth and then slow down and then growth again and again. The next thing I am looking for is the interest rate hike.That would be another major event.
That is also why the prediction i made for most market around the world is still the same. S&P500 to be about 1630s - 40s, STI to be about 3700s to even 3800s.People whom invested in Unit trust or some call mutual funds will ride the trend too.
