Happy New Year!!!

Cheers to all!!! Happy New Year and hopefully, 2008 would be a fruitful one!

Market-wise, 2008 should be a good year, at least in the 1st half, based on technical analysis. The US markets (Dow and S&P) and European markets (Dax and FTSE) are forming a 4th wave consolidation triangle. There should be a final 5th wave in the coming weeks, probably in starting the middle of Jan. This should be a very good and tradeable bull rally.

As for Asia, the 5th wave has likely started. The 3rd of the 5th wave is expected to be very bullish. This 3rd would likely coincide with the breakout of the triangles of US and Europe.

So, a strong rally should take place sometime in Jan/Feb... Investors may want to continue to buy on dips... Stay with the uptrend...