Daily Update

xlx short term bullish but rally overdone, allow some retracement to take place, temp supp @88. base has not fully matured, if retracement holds well, nx target will be 97.
china hongx is short term bullish with a nice base. again, rally overdone, retracement likely with supp @69. target estimated @80, but do take note of the sloping support if it breaks. oculus is short term bullish, as it just broke the top line resistence, likely nx move is retracement back to line support (the slanted line). 18 is only a temp n weak support considering the extent of the upmove. if the retracement plays out well and the support line holds, nx target will be 215.

**post a comment if u wish for a review to be done**

good morning,

DJ's closing made me more cautious then i was yesterday, although still short term bullish, the bulls are getting weaker. will asian indices follow suit to turn weak? which may result in extented retracement or bears to take over. remain sideline...wait for signs of bulls to remain in control...

**to answer a question, do not allow others to overly influence your trading decisions. in my opinion, the market is due for a retracement phase, which is the reason y i took profit yesterday. this is in line with my own system analysis as stated earlier. other traders will have largely differing views depending on their trading style and time horizon. if you are playing short term, i will stay sideline for the moment, the $$ is always there, do not hurry to earn that profit when the risk reward is not in your favor. if you are playing mid term, you shd only sell when the mid term turns bearish, or when the base breaks. always enter with a target and cut loss in mind, this will help to suppress the emotional tensions that most ppl suffer from.**

for long term, the theme for this year will likely be oil n gas related and agriculture.

enjoy trading...Heiwa