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market poised for a mid-term rebound

market poised for a mid-term rebound# Stock

c*k2008-07-31 07:07

1 楼

IMHO,
DOW short term goal 12,000, then may pull back a bit, the second goal is
12500. The full process may take 1~2 months.
Market turns back to down side again 3~4 weeks before next ER season, and
new low might be made following that downtrend.
Tomorrow if market dips (or even up), depends on how bad the job number is,
I would like to be a buyer.

c*k2008-07-31 07:07

2 楼

update.
Looks to me the rally is over here, though market turns to downtrend earlier
than I had hoped.
2 reasons this rebound didn't last very long(only about 3 weeks):
1. GS's problem was disclosed too soon, actually it was downgraded by MS
right next day from my original post. Since then GS was stuck, and without
finance sector involvement, any rebound won't be strong. Over the weekend,
even LEH/F2's problem was put on table, which I thought it should only get
public one month from now.
2. The

【在 c*****k 的大作中提到】

: IMHO,
: DOW short term goal 12,000, then may pull back a bit, the second goal is
: 12500. The full process may take 1~2 months.
: Market turns back to down side again 3~4 weeks before next ER season, and
: new low might be made following that downtrend.
: Tomorrow if market dips (or even up), depends on how bad the job number is,
: I would like to be a buyer.