THESE QUOTES ARE TAKEN FROM OUR MENTOR MR KELVIN HAN
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( Kelvin Han - Trend Master Analysis )
After watching the market for an hour, we think that the HK Future market may be the leading indicator for today. Yes, we know that Dow closed below 10,000 mark but honestly, this 10,000 s0-called pscyhology level is no longer that sensitive as compared to the past as many people were also fearing for the worst when the Dow closed at 9908, down more than 100pts on the 8th of Feb 2010, below the 10,000 mark. But what did we see after that?
We saw the Dow climbing 1300points to hit a 11,257 on the 26th of April and everyday is calling for a BUY???!!!
I am not saying that there is a chance of the market repeating its feat but I think, if the Dow can recover above 10,000 tonight, which my bet on it is a yes; then I think, 10,500 won’t be too hard to achieve, judging from the way the Asia stock market is moving.
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