25/03 2014 Tuesday market update
DOW/WALL ST: Consolidation but peak may be at hand
Will we get a real Turning point based on Bradley model for March 22nd (for Monday 24th), and a Phi mate turn date scheduled for March 28th. Gann’s 30 degree is right on 28th March. The convergence or proximity of these 3 cycle turn may indicate a strong trend that may begin soon. Question is a low point or a high point around these dates?
Nasdaq seems breaking down and will others follow soon?
Aggressive trader (1-5 days): Hold SP short entry at 1875 or higher but take profit around 1790-1810.
Conservative trader (Major trade): Wait to short
GOLD SILVER: As expected, the short term trend is continuing to go down
Aggressive trader (1-5 days): Wait to buy at 1280 or lower
Conservative trader (Major trade): Wait now to buy around 1260-80
ASX: Trend is neutral but Following DOW ACTION
Aggressive trader (1-5 days) : 1. Hold FMG short 5.05-5.15 2. Hold BDR and SLR. SLR. Hold ASX short
Conservative trader (Major trade): 1. Hold FMG short from 5.17. 2. Hold BDR and SLR for longer term– depends on Gold/Silver price
NOTE Major trade need WAITING ( major account) with wider stop loss. Aggressive ( small account) is for quick trading only. Allocate 70% to major trade and 30% to quick trade.
Share This :