22 May '12, 4am

Tug of war – Bull vs. Bear Ends. Financial market plunges. What’s next

Tug of war – Bull vs. Bear Ends. Financial market plunges. What’s next by Patrick See on May 22, 2012 Published Singapore Monday 1pm. The above article commenced mid February with Part 2 in March and Part 3 in April. My benchmark for the tug of war list of events is the DJI ranging from 12800 to 13000. I had picked the above title, then, is because my speculation was that market would trend sideways until the next key events. Last week, DJI closed below 12,400 together with S&P500 and Nasdaq closing down for the week back to back. Hence, the tug of war or range trading had ended. Leading to the correction were the following list of events: · GDP were weak then · Currencies were lower (not USD) signalling higher inflation…. However, having provided all the bad news…. here comes my technical reading. Technically, RSI and various indicators signal ‘oversold’ levels. The big b...

Full article: http://thefinance.sg/2012/05/22/tug-of-war-bull-vs-bear-e...

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