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 2015 lows (blue dash lines) again, and NQ & SP ended with Hammer again, at level. 3) Note that 7 markets are still in very fearful emotions (Weekly). They have NOT been able to close above their EmoLines, yet. I'll draw a r
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
