Really Can Tahan Man

Sucker's rally? Maybe i am the sucker who did not participate. There is some good money to be made by just following the charts. I am kaisi lah, no two ways about it.

The market is really very resilient, for 2 days it manage to reverse the early losses and turn positive. That being said, technically and charts wise, new lows are made and highs are getting lower. If you are a chartist you will avoid going long but will short into strength.

Dow charts are also very ugly, lets see what tonight will hold. The last time, the Fed had a one day delay for taking action in the market. Since Ben spoke yesterday, we might see some action tonight.