US markets lead the way. What's worry me is that current futures are indicating the bets are siding the bull side. When everyone is betting on the green side, it usually doesn't turn out to be green. Will this happens again tonight?
Friday, December 2, 2011
US market
Tonight US will release it's job market data. I feel that tonight's data will be the most important indication for the market. Let's take a look at it's chart.
Currently, Dow Jones index is sitting just below the major downtrend line. If tonight's job data delight the investors, it may break the downtrend line and things may turn over to the bull side. STI may follow on Monday, a gap jump above the downtrend line. But if tonight's job data disappoint the investors, we may face extended period of under the downtrend line.
US markets lead the way. What's worry me is that current futures are indicating the bets are siding the bull side. When everyone is betting on the green side, it usually doesn't turn out to be green. Will this happens again tonight?
US markets lead the way. What's worry me is that current futures are indicating the bets are siding the bull side. When everyone is betting on the green side, it usually doesn't turn out to be green. Will this happens again tonight?
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