MARKET OVERVIEW:
- 42 ELECTIONS IN DIFFERENT COUNTRIES LEADS TO MOVE WORLD STOCK MARKET UP-BUT HARDLY SUSTAIN AT TOP LEVEL AND WILL BREAK TOWARDS DOWNWARDS AND VICE VERSA
- THESES ELECTIONS WILL HAVE NEGATIVE IMPACT ON COMMODITY AND CRUDE MARKET
- MAJOR CORRECTION ON THE WAY IN COMMODITY MARKET
- DOW JONES WILL TRY TO JUMP AT HIGHER LEVEL BUT WILL NOT SUSTAIN FOR LONG TERM -FEB-2012 MAJOR CORRECTION IS EXPECTED
- SELL MORE AND BUY LESS-APPLY THIS STRATEGIES AND BOOK PROFIT
- FORGET ABOUT FUNDAMENTAL OF COMPANIES -THIS RALLY IN STOCK MARKET IS LIQUIDITY DRIVEN -WILL NOT SUSTAIN FOR LONG TIME
DOW JONES: ABOVE 12700 MAXIMUM RALLY UP-TO 12800-12950 -WILL NOT CROSS 13000.BELOW 12700 IF SUSTAIN THEN PANIC SELLING UP-TO 12580 IS NOT RULED OUT. (SOMETHING IS WRONG ON CHART MAJOR CORRECTION IS EXPECTED WORLD WIDE BY END OF FEB-2012)
23/1/2012INTRADAY TRADING LEVELS | FTSE 100 | Dow Jones | S&P500 | Nasdaq 100 | Gold |
BULL RALLY | 5777.93 | 12820.2 | 1321.59 | 2448.15 | 1671.5 |
UP BREAKOUT | 5761.47 | 12787 | 1319.52 | 2444.44 | 1669 |
SELL | 5745.01 | 12753.7 | 1317.45 | 2440.73 | 1666.5 |
PIVOT | 5733.31 | 12687.3 | 1313.31 | 2434.54 | 1661.5 |
BUY | 5716.85 | 12654 | 1311.24 | 2430.83 | 1659 |
DOWN BREAKOUT | 5705.15 | 12587.6 | 1307.1 | 2424.64 | 1654 |
BEAR RALLY | 5688.69 | 12554.3 | 1305.03 | 2420.93 | 1651.5 |
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