This news caught my attention. Larry Williams was arrested for alleged tax evasion. Full details of the news can be found in the link below. Celebrity market guru arrested This is just for entertainment during this bearish day.
This is an intraday pattern trade. First, negative opening of Nikkei and HangSeng gave me a direction of the day. I would prefer trading on the Short side today. A descending triangle was formed which supports the negative sentiment. Here is a 12-min chart for the morning session.
Dmx Tech looks weak. Trend conclusion is possible scene. And sellers’ force are strong. It is currently trading below 150-day moving average. I am interested in watching DMX for possible short sell opportunity. Immediate support : 0.82 First target is set at 0.74.
As expected, it was a choppy day for SIMSCI. No position was established as market seems to be directionless. This is 12-min chart. The view of choppy day was built when observing positive Nikkei and negative Hang Seng during morning session. These two leading indices in regional market are contradicting and it was likely to […]
I saw DataCraft and Statchipac as interesting shorting candidate for 24-May-2006. Position has not been established yet. As market tends to be moving sideway. Nikkei is trading is positive territory as well. I would like to watch further before taking any action. Datacraft daily chart statChipac daily chart