This is something I don’t want to do in this blog but lately this is the hottest topic in town. Plus, We..among friends has been exchanging our opinion on where the market is heading.

So…in my blog, I am posting my opinion. Please do keep in mind…I could be WRONG…heheheh

The last price on the chart was 8th Oct…

The price on 9th Oct close at 15,943.24, Up 511.511.

1) Price Action - based on pure price action, with the rebound on 9th Oct, I am looking at the price testing 16,284: the recent low and become the current resistance. If the price does not penetrate at this number, the price will coming back down to re-test the low 15,431.

2) Technically - from tech point of view, the price really does not look. The only way I long the market if its penetrate 20,000. Otherwise, I am just going to sit around and doing nothing. I am too chicken to long the market.

3) Volume - I put the volume on this chart because one of my friend is absolutely a believer in volume spread analysis. Looking at the high volume of the transaction on 8th Oct, I can safely say, the end of the sell-off is not even near…

This is my thought…I am thinking aloud…and expect profit…

Popularity: 73% [?]