Wednesday, April 9, 2008

Apr-9 Market Updates

I talked about the target of this correction in DOW would be 12300-12400 and still keep this forecast. However, please be prepared for a good news in the near future. As the market has been mute and little volatile in the past week so that makes me feel the market is waiting for something we don't aware of. I expect the news will be positive to the market.

The market is generally stable now, picks of my last week are generally OK. For this correction, Tech is leading the decline, I think 10-15% correction for  an individual stock would be good buying opportunities.

Tomorrow I'll go to Spain for a week, therefore I am not able to update until 17th. Maybe several words during the trip but I am not sure. So good luck.

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