Wednesday, January 23, 2008

Technical Rebound in Asia as poor futures point to Lower open for US

It was an emphatic rebound today for Asia markets as I hope most people cash in on this rise as advised.
Disappointing reports from big names like Apple Inc. and Motorola Inc and poor futures indicate a lower open for the US Market.
If Asia market fail to substain the gains tomorrow, I would advise you to continue shorting or buying index put warrants.

It would be crucial as traders speculate how much more will Fed cut next week, I feel that no matter Fed cut another .25 or .5, we would definitely see a much worst market unless there is any concrete plans to tackle the current situation.

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