DJ +260/+3%, with all three major gauges jumping at least 3% after Intel's forecast for a second-half pickup and the Federal Reserve's improved outlook reassured wary investors. CNN
8.20 : DJ futs -16. NK +230/+2% Kos +1%. Crude oil +2%. Positives external continues...
While the market will start the day on positive tone, Fkli is likely to open flat folliowing a jump of 7 points in the preclosing phase. It may pick up more momentum later but expect to stay near 1100-1110 un till FBM catches up. At +1.5%, Fbm is seen at 1113.
No clear resistance from 1100 till 1135++.
Will profit take set in ? no one can tell exactly. but at mom, we cant assume that the mkt is "too hihg" yet. Wait for negative developement first, rather than trying to catch the "top".
Above 1100 today , avoid short first. either sell at mkt's target around 1140++, assuming a potential toppish scenario or trading-sell on weakness below 1100.
3 years ago
Good morning, I read your post and you mentioned that you used Excel to draw the chart. Could you please teach how to draw candlestick chart and moving average using excel. I am puzzled. Thank you very much.
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