Monday 12 March 2018

Market bull or bear ? Let Dow chart tells us

Last friday 9 March 2018, Dow up 440 points, crossed 25,000 easily and closed at 35,335. Today, all asian markets rallied up, STI up 60 points, Hang Seng up 400 points, and Nikkei 225 up above 300. STI Market is so bullish as I am updating the blog, funds are just grabbing and pushing up prices of almost every index stocks.

So, same questions everyone is now asking, what is next? There are mixed views from top top TA gurus out there, some are very bullish, few are still bearish. No one is absolutely sure. Of course, I have to make a stand too right, at least from technical prespective, I will chart out Dow based on my forecast and act according to my plan. Please see my latest Dow chart below based on my forecast or prediction.


I will determine if market were to be bullish or bearish based on a single crucial point in Dow. Yes, the point is 25,700 Dow. Please take note. 

For Dow to be bullish - Dow has to cross 25,700 convincingly and move higher. If that happens, I stand bullish. Very bullish. I will add my positions on every pullback on wave e. Wave e will only be a short pullback possibly.

For Dow to be bearish - Dow will have hard time crossing 25,700 convincingly. If it touched 25,700 region and faltered, double tops formations will be in. I stand bearish, very bearish. Wave e will be a very sharp and painful one. We could see another 1K drops possibly.

So, thats all for the updates. Plan well and trade well. Cheers!
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4 comments:

  1. Anonymous12 March 2018 at 17:45

    Ipo gor gor, nico got chance to jio back for former glory?

    ReplyDelete
  2. Ipotrust12 March 2018 at 19:14

    Very very very slim chance. The only 3 possible scenerios that can possibly save all minority shareholders..but I dont want to raise you hope high again because this is real bad call from me. They 3 scenerios are:
    1. White Knight showed up and take over nico. (Currently buying seen in Nico unlikely from white knight because price did not go up with all the buying, hence I deduced that Vcam, the seller, could also be the buyer for now.)
    2. Nico results this year showed significant improvement, both sales, profits and cash flow. Must also prove that Tesla is its customer.
    3. Syndicates want to do the last push before ending the game on Nico. They will give out very big and good news to push prices. The news however is baseless..

    I still own very little shares of Nico as of now..

    ReplyDelete
  3. Anonymous15 March 2018 at 17:18

    Pass by to say hi to handsome angel ipotrust

    ReplyDelete
  4. Ipotrust16 March 2018 at 10:41

    This comment must be from kallangRiver bro..
    wrong wrong...not handsome, not an angel haha..
    Plain and boring ipotrust
    Oh yah..Hi Hi

    ReplyDelete

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