Following the previous analysis of 30th Dec 2012 to buy on dips at yellow zone: http://donovan-ang.blogspot.sg/2012/12/russell-2000-us-market-30-december-2012.html, the Russell 2000 has followed a yellow-zone path upwards from Dec 30th to March 2103. So has worldwide markets gone up too as per said before things happen.
The Russell 2000, as well as Worldwide Markets, has, however, met critical resistances as illustrated below and initiating mid-term corrections as charted below:
Russell 2000 Technical Analysis: 6 April 2013, Saturday, 6.25pm Singapore Time
When the strongest corrects down, the rest of the herd in Worldwide Financial Markets will correct down too.
Mid-term sell-down in worldwide financial markets is coming the way. Immediate term rebound for 1-3 days is expected next week, but will not last; after which, more selling downs will take over.
To reiterate, next week, possibly starting from Monday (8 April 2013), financial markets are likely to see immediate term rebound; it is but merely to serve as a TRAP for retailers and investors to buy on dips; this is likely to last a few days, followed by more sell-downs.
No comments:
Post a Comment