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Wikinvesting since
Sep 2008
wikinvest Director
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| making 102 | edits |
| to 48 | articles |
| last edit 75 | days ago |
Serving investors daily since March 2006.
As expected, the Dow started its retreat, closing down 93 points at 10332 points despite optimistic forward looking data.
Both leading indicators and Philley Fed data continue to support a recovering market going forward (see Stock Market Calendar). In fact, Philley Fed outlook has not been higher even during the pre-crisis years! However, as a technically... read more
The Dow ended the week up a total of 247 points or 2.46% last week as investors take the Dow out of the 10,000 points blackhole.
But is it really safe now? On a long term basis, yes. We have announced a primary bull trend months ago and if you have followed on that, you would have made significant gains by now. How about the short term? Well, last... read more
The Dow ended its 6 days rally with a 93 points retreat today, forming a short term evening star signal. Yes, it seems like the retreat that I have been expecting is coming just that few days earlier than expected. Like I mentioned yesterday, this retreat is inevitable and healthy for the market and whether the 10,000 points area becomes the next short term... read more
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