Apr-5 The Picture Looks Good

Let's first recall my comments last week:

http://iamwym-stock-analysis.blogspot.com/2008/03/mar-31-weekly-preview-and-month-end.html

"If I am correct, we will not have a negative week, however, a doji or white candle stick are all possible. For TA wise, a big while candle stick for about 300 points on weekly chart will be quite bullish for mid-term."

This week DOW close at 12609 which establishes ~400 points gain with my major picks gained nice profits in past week, including WDC, BX, LPL that are not on my pick list but mentioned in last week's posts.

Given this week's gain, the bullish bet is quite successful. However, we still need to be more careful as we have quite weak economic data, that is though priced in.

Now I have a general bullish feeling regarding big picture with cautious if DOW reaches 13000. You may ask me whether if it is time to jump in fertilizers, I may repeat coke1's strategy again: You can buy now, but be prepared to average down with any -30% correction from it's future high.

By the way, I have got the offer in Switzerland as a so called "scientist", as I (and my family) still don't want stock trading to be my job... :P I am still waiting for a preferred position in US, which might have result around late May. Let's see.