Thursday, May 1, 2008

May-1 Sentiment still bullish

I cannot say anything until today. The sentiment is still bullish as many big guys said the worst is over. However, I still think the economy is not that good in US, so I continue to bet on emerging markets.

In the next days, we see non farm payroll data coming. As DOW topped 13000 yesterday, I think it won't be the last time we see 13000 during this period. Next try of 13000 is critical and necessary. A fail on holding above 13000 will cause major correction to 12600 area. This is my personal opinion.

Currently, I think only Asian markets are safe.

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