Sunday, January 9, 2011

DJIA and Nasdaq 100

We attended a power-packed talk at Bukit Kewangan, Bursa Malaysia last Saturday, it is soooooo Great to meet our Sifu and Helen Ong at the talk, we learn to locate our wealth spot and yes~~~ goodness mari mari home~! :) I feel so charged up to meet our Sifu, masters, seniors and KLKK traders and learn together :)

I wish all benefited from the talk and let us construct our ultimate wealth portfolio for a lifetime, together!

DJIA on Monday 10-Jan-2011

Day chart shows DJIA moving in uptrend, support 11530.
This week, we expect DJIA to trade in high-low of 11750-11550. Avoid to trade when market is ding-dong-ing, watch the market and to pick long 11600-11570, SL 11530. Abandon long view in case 11530 support is breached. DJIA may then dip to 11450, and further test 11350.

In view of DJIA uptrend, we are looking forward to DJIA breaking above 11742 (Jan-05 High) this week, progressively to reach 1st Target 11816, 2nd Target 12033 and 3rd Target 12250 in coming weeks.

Nasdaq 100 on Monday 10-Jan-2011

Similar to Dow, Nasdaq 100 support at 2237, strong support at 2209.
suggest to pick long 2260 region, SL 2254-2250. Abandon long if Nasdaq 100 break below 2250, it is likely to go below 2240 and further to 2210.

Target exit for Long 2300.

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