Mixed for Now

let me do a quick round up,

sti opened gapped up and breach base line, putting bears in control this morning. but nikkei remained ranged and close in the hands of bulls. margin calls evaporated and the expected surge entered the market, negating the strength of bears in control.

this reversal is bullish for the short term considering the magnitute. short term means in the nx few days. but for intraday, i doubt this surge can be so great as the range is already extended. Likely to remain mixed for today considering the negation of bears n bull closing by nikkei. another point to note is the already extended plunge for all the markets. the stats for a rebound back to resistence / break point will be tested is high in days to come.

advice changed slightly, become cautious bull or cautious bear... why?? this is a bearish trend and the dip is overdone such that a technical rebound is very near be it big or small...

hope i give u a clearer picture of what is behind the shower curtains... =)

Heiwa