Monday, February 1, 2010

Is it something?

Asia Pacific equity market today registered higher than last week. It were perform wild on whole day. Morning all running at negative and final hit up back . This is excited.

Malaysia lucky never take part on today. It was closed for holiday. Otherwise who suffer lose may faced sell off at lower price. Technical I have concluded today rally is good. Finally sustain at strong support level.

Most of the foreign funds manager expect US DJ strong rebound by few days adjustment. But that is mathematic and do not make sense in the equity market. Normally i should wait another down trend and check where is the strong support. It does not brings you any benefit if you simple confirm it is a strong support line.

So, tomorrow continue away from market is a better choice and give you more clearance picture on next move.

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