|Nikkei 225||Up||Up||Neutral (-)|
Monday, April 19, 2010
World Weekly Summary
This Goldman Sachs thingy sure rattles a lot of people. We need to remind ourself that the market is already overbought based on daily chart. So, a sell off does not surprise me. Anyway, in any matters where money comes into question, definitely there are element of cheating/fraud/manipulation. This has existed since two parties made the first trade. That is why we need to learn history. History teaches us how fraud are committed and how to detect them. As a trader, I will play alone as long as the music is on, and try to get out before I get myself hurt. Is this the end of the bull rally? There are evidence of bearish divergence, but it is still not strong enough to indicate the resumption of the bear.