Commentary

good evening,

what happened today, feeling the bumps? 1 min feeling its going to crash n nx seems so bullish.

i will give some personal comments. technically, today is a stage 1 reversal point for our asian indices. in other words, a possible sign of short term rebound. the risk might be alittle higher due to critical date, interest rate cut decision, but generally, supply and demand points towards more strength to enter.

smart money entered the market few days ago, yes, few days ago despite the slump, they were collecting for some reason or other. i hesitated for any longs due to my trend reading pointing towards ST bearish. today was a finale flush, in other words, smart money making their final buys, which is the reason why they made an initial push down before finishing off with contiuous buying. i believe most ppl or the public will be cutting during the flush and those tt did not were happy to sell off when the rally came. most dare not buy, those who sold will find it stupid to buy after selling. so who r holding the shares?

stocks in general are showing similar signs of possible reversal, except for resourse related counters which remains bearish. my focus will be towards china related counters.

conclusion

ST term trend remains bearish. stage 1 reversal signal appeared. turn bullish for general counters, remain bearish for resource counters.

enjoy...Heiwa

drop me a mail if u have any questions. qian83@hotmail.com