Analysis:
Today's market action made yesterday's Analysis look more like the writer was talking about his own book than he was making an objective analysis. Looking ahead to Monday, now that China's November inflation rate was 5.1%, China will raise its interest rate before the market opens. Since the market has not discounted such an event, it will retreat, and once it drops below 1,228, the sell-off will intensify until 1,220.
Strategy:
Hold short at 1,217
No comments:
Post a Comment