Market Panic during this CNY?
Two markets are closed for this entire CNY week: China & Taiwan. What happened to the other markets? Basically, the bears turned their attention to the Western markets, with special aggression to European markets & NK. Share with you these few points to note: 1) 3 markets extended further losses from their peak: Nasdaq, DAX & NK, losing 19.5%, 29.8% & 29.5% respectively. Nasdaq is at her borderline mark of declaring bear market (-20%) 2) Bears in 4 markets attacking their 201
恭贺新禧 HAPPY CHINESE NEW YEAR
I am sure many of you are still visiting relatives and friends this week for CNY, Sniper club traders had a mini celebration yesterday too. Thanks to our lovely couple (WY & WW) for organizing this gathering at their beauitful home. We have a fun time together with laughter and great food that was prepared by all our traders. Wishing all a happy and prosperous 2016. Huat ahhhh..... Lo Hei -- CNY Must Have :D
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