Wednesday, January 20, 2010

Play It Again Sam

We did again, a dip intraday, and steady buying from midday to the close, climaxing near the close of course.  We have seen it over and over again.  Due to the European and Chinese markets being somewhat oversold, I think they will bounce back leading to a gap up tomorrow.

3 comments:

Anonymous said...

hahahaaha.

Good choice for post title.

Yup they did it again.

nicasurfer said...

Owl, You see the Hand Seng last night. Brutal. 2 big down days. You think they are tied to the chinese economy.

Market Owl said...

The Hang Seng, the HSI that you mention is a hybrid of China and the world markets due to HSBC. The Hang Seng Enterprise Index, the HHI, is more closely tied with China.

I am actually kind of bullish on China near these levels...