Technically speaking, doji pattern today. If tomorrow can break 1.09, then it will continues to fly high. Of course, if it dropped below 1.04, downtrend would start. However, having watched the track records, I have found that there existed strong buys at 1.09 and 1.11 then followed by 1.10. From 9:00am to 5:00pm, the transaction volume movement indicates one thing: panic large sells from the one hand and equivalently large buys from the other hand. I would say tomorrow is the key "day" to expect the trend.
Wall Street advances after Bernanke statement.Stock indexes advanced modestly at the open on Wednesday, after U.S. Federal Reserve Chairman Ben Bernanke reiterated the central bank's plan to begin to scale back its bond-buying program later this year.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SJSOON
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Posted by SJSOON > 2013-07-17 17:20 | Report Abuse
Technically speaking, doji pattern today. If tomorrow can break 1.09, then it will continues to fly high. Of course, if it dropped below 1.04, downtrend would start. However, having watched the track records, I have found that there existed strong buys at 1.09 and 1.11 then followed by 1.10. From 9:00am to 5:00pm, the transaction volume movement indicates one thing: panic large sells from the one hand and equivalently large buys from the other hand. I would say tomorrow is the key "day" to expect the trend.