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Archive for August 31st, 2011

Posted by Martin August 31, 2011

Why I consider the market status in correction although the market rallies?

My colleague at work asked me that question when we discussed where I think this market will go. The answer was simple. SPY broke down from head and shoulder pattern on a very high volume and suffered some sort of a mini crash since then. It basically created a lower low and corrected to a Continue reading →

Posted by Martin August 31, 2011

Will the Greece debt drag the entire market back down?

Although there are many other aspects which will affect the next movement of the market such as weak economy, job data this coming Friday, ISM report (PMI index) etc, the Greece debt and the entire Eurozone debt crisis seems to be coming back. As probably every one knew, this issue hasn’t been solved at all, Continue reading →