NASDAQ - after breaking FIBO 100%, it continues riding small step. If this ride continue, watch the important resistant 5080 to 5130 (15 years back / history high). FIBO 168% (5230) is also around there.
Friday 20 February 2015
Thursday 12 February 2015
Every countries are printing money
STI is coming close to its 3453 to 3465 resistant. Profit taking may take place.
6 weeks had gone. As you can see the global market whether is US, Europe or ASIA, they were volatile. Just look at China A50 Future, its one day fluctuation can go more than 5%.
22-Jan, European Central Bank (ECB) announced that it will inject €1.1 trillion (£834bn) into the ailing Eurozone economy. It means ECB will buy €60bn bonds each month from banks until end of Sep 2016, or even longer.
Today Sweden also announced cutting its interest rate from 0% to -0.1%. On top of that, they launched a programme of quantitative easing, buying government bonds which worth 10 billion kronor ($1.2bn) to inject cash into the economic.
So when you think will US going to raise their interest rate when every countries are printing money. With this PM, we saw DAX reached new high. What about the US and ASIA, where are they heading to? My posted on 27-Dec is still valid like Shanghai market now at wave 2. Its first major resistant at 3400.....whenever US market reaches a new height, the fear comes in.........http://achua138.blogspot.sg/2014/12/y2015-is-going-to-be-volatile.html
22-Jan, European Central Bank (ECB) announced that it will inject €1.1 trillion (£834bn) into the ailing Eurozone economy. It means ECB will buy €60bn bonds each month from banks until end of Sep 2016, or even longer.
Today Sweden also announced cutting its interest rate from 0% to -0.1%. On top of that, they launched a programme of quantitative easing, buying government bonds which worth 10 billion kronor ($1.2bn) to inject cash into the economic.
So when you think will US going to raise their interest rate when every countries are printing money. With this PM, we saw DAX reached new high. What about the US and ASIA, where are they heading to? My posted on 27-Dec is still valid like Shanghai market now at wave 2. Its first major resistant at 3400.....whenever US market reaches a new height, the fear comes in.........http://achua138.blogspot.sg/2014/12/y2015-is-going-to-be-volatile.html
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