27/03 2014 Thursday market update

Posted on Posted in Weekly Featured Articles

27/03 2014 Thursday 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 +-3 days), and a Phi mate turn date scheduled for March 28th +-3 days. 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?

ACTION

Conservative trader (Major trade): Hold SP short entry at 1875-1880. Consider to short DOW around 16450-16470 if given another chance

GOLD SILVER: As expected, the short term trend is continuing to go down

ACTION

Conservative trader (Major trade): Watch out FIRST for 1260-1280 and will reassess.

ASX: Trend is neutral but Following DOW

ACTION

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.

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