Salto_Mortale

Salto_Mortale

hard time it is... don't really know where the rock bottom is... but feels like it's not very far away from where we are now... guess the index would come into somewhere in the red oval area around 3,500 with the MA240(or MA200) being a strong support line even if the current support of MA120 falls short of propping up the index...

Salto_Mortale

for a rebound, its MA20 should make swing lows (two or three in a row) so that the MA60 stops the falling trend and make a horizontal line before changing the trend upward again... a wishful thinking.. but, current market conditions/situations seem gloomy to think of such a rosy scenaro...

Salto_Mortale

Hope this won't follow this gloomy path... but the worst-cast scenario might be... We should prepare for a fall below the 30,000 level and then possibly 10,000 before it takes a much-needed rebound... Please correct me if this novice's prediction is wrong..

Salto_Mortale

Will the Nasdaq rebound anytime soon? I'm just thinking about the current situation... ^^;