The DOW failed to have a rebound, instead it went down in the 2nd session. Here's the story: DOW opened lower and went down and then later went up and everything looks bullish but at 1400 hrs(America) it just went down again to -103 pts. Really baffling. What I can say right now is the market now has no direction. It does not know whether to go up or down. What I can say now is be cautious, we still have about 500 pts to go down to 200 MA. Slowly buy if you have the excess cash on dips on good companies with good earnings, dividends and outlooks especially Asia side. This is for long term.
Tuesday, February 9, 2010
Rebound gone wrong
The DOW failed to have a rebound, instead it went down in the 2nd session. Here's the story: DOW opened lower and went down and then later went up and everything looks bullish but at 1400 hrs(America) it just went down again to -103 pts. Really baffling. What I can say right now is the market now has no direction. It does not know whether to go up or down. What I can say now is be cautious, we still have about 500 pts to go down to 200 MA. Slowly buy if you have the excess cash on dips on good companies with good earnings, dividends and outlooks especially Asia side. This is for long term.
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