Both markets should remain mixed today in line with Wall Street. Some of the lower liners would continue to outperform or at least play catch up with the big blues. It is still a trading market right now as the holding period should not be more than 3 weeks. I will also be looking to unload should the market start running. Of course there is still chance that the stock would hit their respective stops but I am still optimistic in the short term.
Moving ahead a month or so, then I am not so bullish. In fact, I am rather bearish. I am looking at a 10% retracement at least before the bull continues well into 2008. Will have to wait and see if this projection of mine comes true or not. :) Buyers beware!!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment