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Tuesday, August 28, 2007

Dow short briefing 27/08/07




Will update more tonight. just a short brief of DOW 1st. It is trading in the channel. Most likely, a drop will be expected. and this time it will retest the recent low again. Crude oil at $71.68 and VIX has increased to 24.74.

We will see how the FED minutes talk about and hopefully will boost up the market back to positive region. But charts say it will drop and break the recent low. hope this is not true and hope it will touches the recent low and bounce back, forming a double bottom instead of trading in the range of the downtrend which i had drawn earlier.

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Any request of counters you can post in the chatbox, I will do an analyse for u when I see the msg