tat's the story I saw on some bbs.actrually it's more reasonable to clsose flat last nigh DOW. so today don't have to make U turn to trap bear, just simplely open low and close flat.
Any way I think the we are some where near the bottom or already touch the bottom.
em..i feel yet 1 or 2 dive will take us there
1) my gut feeling a 10% correction would make more sense
2) in all prev five corrections, average 4bln foreign selling as per a UBS report. this time only 2.1bln sold.
anyway, do think market is still bullish.
1) banks are too large to fall (german gvnt alr stepped in)
2) even credit spread widens, a rate cut cld easily handle it.
2) in all prev five corrections, average 4bln foreign selling as per a UBS report. this time only 2.1bln sold.
anyway, do think market is still bullish.
1) banks are too large to fall (german gvnt alr stepped in)
2) even credit spread widens, a rate cut cld easily handle it.
Huasing Association 1999 - 2013