It's been a lonng three weeks since I had posted my WMA. I have been doing it, just that it is incomplete to post. And the current market is seriously changing very fast. Two weeks ago, I had a conversation with Singaporeseeds about the market tunring bullish, and viola! Then two nights ago, it all seems to have changed. Singaporeseeds posted about the dead cat bounce, which at first I did not take much notice to, but hey, he may be right after all... or at least for this short term turnaround.
Hence, here starts a new series of postings under Market Opinions, which are just short notes about my observations and rants.
The first one I'd like to post about is that this rally is turning over! I noticed that of late UNG is "leading" the markets, and it made an adrupt about turn on Monday night. This was followed by the other aspects of the markets like the Euro, USD, Gold, and the S&P500. Last night was perfection, and it is time for the market to head downwards - at least for a while.
Cheers!
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