Monday, 12 September 2011

Daily Market Analysis for Sept-12 Before Market Open

I'll just make a quick update today...

Today is 'black monday'

Stocks free falling... This may be due to the fear of Greece Default, and the rememberance of the sept 11 twin tower crash.

Key News
-none-

Feel of Market Sentiment
Bearish

Technicalities
Today is the 3rd day. Stocks have a higher probability of reversing.
Down Friday, Up monday, but maybe not today since the sentiment is bearish.

Stocks will gap down at open... but today i'm going to predict the direction after the gap down.

Stocks are likely to be volitile in the 1st 2 hours of trading, with main direction down as retailers sell their stocks in fear. index to remain quite flat throughout the day,  with possible trending after 2.30pm EST.

Intraday Direction for US 12-Sept:
General Direction for US 12-Sept:
Forecast Accuracy since 6-Sept 2011: 4/4 (100%)

Timing shown below is Singapore Time +8 GMT

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