20th Jan 2011 – Special Review on Thaipusam

 

1. Interest rate announcement on 26th Jan and GDP on 28th Jan.
2. NASDAQ and SP500 was trashed by > 1%, but DJIA doesn't even move. Interesting!!!

 

SPY chart:

 

 

 

Input:

 

1. Don’t think we can call the start of bear market yet. Trend line is still intact.

 

DJIA chart:

 

 

Input:

 

1. DJIA doesn't seem to care what happened to SP500 and NASDAQ

 

NASDAQ chart:

 

 

 

Input:

 

1. Daily chart looks ugly but the trend line is still intact.