Thursday, 26 July 2007

Is this the beginning of the end?

Regional markets are taking a beating as I write this... well, not really a beating but most of them are currently 1-2% down for the day. It all happened right after lunch time... Hmmm, wonder whats happening? Nevertheless, technically, I have already cautioned earlier that a sudden fall could take place soon. If Wall St falls further in the next few days, I think we can kiss this bullish uptrend goodbye for now. I expect a consolidation of about 2-5months. From then on, the bull would continue its way higher into 2008, even 2009 if we are lucky. Take profits now ppl!!!!

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