28/03 2014 Friday market update

Posted on Posted in Weekly Featured Articles

28/03 2014 Friday market update

DOW/WALL ST: Consolidation but peak may fall on May The last up-leg may begin soon after the current consolidation before a meaningful correction of 7-8% that may begin in May

ACTION: For monitoring and educational purposes only

Conservative trader (Major trade): Wait and See for the consolidation to finish around 1830-1850. DOW around 16100-16260

GOLD SILVER: As expected, the short term trend is down but may rebound to 1325 before further decline to 1260-1280 which must hold. If this level is broken, we may see a new low in gold by May.

ACTION: For monitoring and educational purposes only

Conservative trader (Major trade): Watch out FIRST for 1260-1280 before taking action. Meanwhile, can consider to short from 1325. Silver to short from 20.20-20.50

ASX: Trend is neutral but Following DOW

ACTION

Conservative trader (Major trade):

1. Hold FMG short from 5.17. 2. If stopped out in BDR and SLR, we will wait to buy based on gold timing.

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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