Stress test syndrome around the corner?
posted by leesi riro on Tuesday, July 20, 2010
If you look at todays closing 5353,the picture really look gloomy.
A dip below 5360 today shows the falling wedge is broken in the technical chart.this indicates a sharp fall in market in the days to come and i fear this is another clue about an imminent crash in the stock market as a whole?
Even a dip below 10050 for Dow jones look so dangerous for the US market in the long run,which might even take the Dow towards 8500 levels.
Once again earning season is going to be a tough time for traders.
From today till next Monday,i feel people might loose a good chunk of money if they are not disciplined.
Even i fear 'Fat finger'testing might be witnessed in the Indian market as well.
Before the stress test announcement,the real stress is around the corner now.
Who is going to review the stress test?.it is the market which is going to decide the real result than the politician in Europe.
time to be very cautious till Monday?
any thought?
