Today's stock rebound back to above the 50 day MA support line. And a lot of stocks like AAPL, GOOG, AMZN, FSLR, and etc are reach their new time high.
Downtrend would most likely resume again if it can not break the 20 day MA resistance line.
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Tuesday, October 23, 2007
Thursday, October 11, 2007
Market correction has begin
Today's market decline is not a good sign. Market correction is underway. Besides, a lot of stocks have raised too high lately (for example: technology and China stocks)
We should hold cash, wait or short.
We should hold cash, wait or short.
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