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Monday 11 April 2016

Markets are either at support level or the resistant level

Some experts and analysts called for short/sell, some called for long/buy.  So should I sell or should I buy?  Market itself, one moment up 30 tics, another moment down 30 tics or today up more than 1%, tomorrow down 1.5%.  Retail investors/traders became so confused.  They were lost.  They didn't know what to do?

Let me show an example - DAX, that happened just a moment ago.  Morning gap down, down 97 points, Half an hour later, market turned around, up 89 points.  This market has been behaving this way for weeks.  And this was what I hinted to everyone on 22-March, watch and enjoy how the game plays, the earlier big boys are alighting. 
Let's look at where the 3 major markets are right now.  DAX is currently at the big boys first important support level.  Asia Taiwan is currently challenging the 200MA.  Where else US DOW was halted by the 17800 resistant level. It is not too far away from the 18350 Everest peak.
So you can see, the market is at either at the major support level or the resistant level.  In order for the market to continue north, we need the third batches of the big boys to come in, to take over the baton.  Commando and Guards had done their jobs.  We need the Combat Engineer to lay the bridges for the infantry to cross over.  If they don't or it failed, that's, game over. 

Once again, do not listen anyone.  Those who tells you either buy or sell, they are juts guessing, predicting.  By all means, nobody know where the market is heading, provided they are the combat engineer.  Good luck and continue with the game.  Do your homework and trade what you see and not what you think.