Halo2, where are u guys?
_
From: obrolan-bandar@yahoogroups.com [mailto:[EMAIL PROTECTED]
On Behalf Of Soeratman Doerachman
Sent: Thursday, March 01, 2007 6:16 AM
To: [EMAIL PROTECTED]
Subject: [obrolan-bandar] China batuk yang lain ikut demam
Sekarang bukan DOW saja yang penyakitnya bisa menular. China kentut pun
baunya sekarang bisa sampai kemana-mana. Kta bisa baca dalam artikel
dibawah ini bagaimana DOW sempat terkapar karena bau kentutnya Shanghai.
Kesimpulan : Watch juga China, jangan DOW dan Nikkei saja.
China Coughs and the World Catches a Cold
By D.R. Barton, Jr.
Yesterday (Tuesday, 2/27/2007) was a truly extraordinary day in the equity
markets.
Here's how unusual this drop was: it's only the fifth time in 100 years that
the DJIA has gone from trading above its 50-day moving average on one day to
dropping below the lows of the past 50 days the next. In other words, it
was higher than the average price over the prior 50 days, and all of the
sudden it wiped out all the gains from those days in just one single day
(thanks to Jason Goepfert's excellent work for the statistics).
Here's another way to look at yesterday's trading - in one day, the market
wiped out almost four months of bull run, dating back to the beginning of
last November (in the futures). This was no ordinary move.
But even with all of the extremes presented by the market's activity, we
have to keep some perspective. The market was only down 3.47% yesterday (for
the SP 500 cash index). And to be considered a correction (which is
generally considered to be a 10% pullback), we would need to travel another
6% from here, all the way down to 1315.41 to move 10% from the highs.
Today's trading (as of 2:00) has given us an inside day (the highs of today
are lower and lows of today are higher than yesterday's trading). But we
are trading in the bottom third of yesterday's range.
While the market could do many things from here, the extreme overbought
levels that peaked late last week have only been partially relieved. A very
likely scenario is that Tuesday's huge drop was the trigger for a
larger-scale pullback. In that scenario, Wednesday's trading has
predictably slower trading while the market catches it's breath.
A close below yesterday's low (1389.42 on the SP 500 cash index) should
make everyone take notice that this round of selling is not over. But until
that time, the bulls can rest a bit easier.
Great Trading!
D. R.
D. R. Barton, Jr. will be teaching our New Professional E-Mini Futures
Tactics Workshop, March 3-5, Raleigh NC. He will be joined by ace trader
Christopher Castroviejo. To see what D.R. says about Christopher, click
http://www.iitm.com/Weekly_update/Weekly_307_Jan_31_2007.htm#feature
here.
A passion for the systematic approach to the markets and lifelong love of
teaching and learning have propelled D.R. Barton, Jr. to the top of the
investment and trading arena where he is one of the most widely read and
followed traders and analysts in the world.
He is a regularly featured guest analyst on both Report on Business TV, and
WTOP News Radio in Washington, D. C., and has been a guest analyst on
Bloomberg Radio. His articles have appeared on SmartMoney.com and Financial
Advisor magazine.
Ratman
Now Everyone Can Trade
Believe The Unbelievable,Dream The Impossible, Don't Take No for An Answer
http://www.j-club.biz
