Wednesday, October 17, 2007

Bull and Bear stories!

Bull stories
~ Yahoo and Intel report excellence 3rd quarter results last night
~ Many stocks dropped with low volume signify the strength of bear is not strong
~ India BSE SENSEX recovered from -1700++ pts to end at -300++ pts today
~ HK Hang Seng revovered from -500 pts to end at +300 pts today
~ Beijing Olympics coming in 2008
~ Historically, there is no recession during president election year and it is held in 2008
~ Capricorn effect is around the corner

Bear stories
~ Oil price: Hefty US$88!!
~ We are 2 days away from 19th Oct 1987 market crash anniversary
~ Ding Xie's effect with his drama going to be shown on Thurs nite
~ The last 5 trading days of Dow Jones shows weakness with lower high and lower low(See chart: note that the candle sticks on 10th and 11th Oct can be combined to form a bigger black candle)
~ Shanghai SSE index unable to close +ve today
~ Market crashes consecutively on Oct 1987 and Oct 1997
~ Citibank reported lower earnings due to subprime effect?

Which side of the story do u buy?

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