*~1Best~* Market Timing & Trend-Signals

[*~1Best~*]

Markets are trading above pivotal supports, and I am hopeful and confident that we will see better days ahead. Obama is monitoring our economic condition daily, and I believe that his admin will revive our economy. I have carefully observed Obama and I can see the change in him expressing his genuine love for our country and humanity. His nominated leaders are also well qualified officials such as Clinton and Geithner in whom I have faith in them that they will carry us forward.

$COMPX 1481.06 15.57 1.06%
$INDU 8075.41 -47.39 -0.58%
$INX 830.93 3.43 0.41%

Markets remained in a trading range during the Obama Inauguration week, and, until proven otherwise, I still think that markets are poised to trade up with the prospect of economic recovery.

God bless ~

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After markets selling off, markets closed noted pivotal supports: DOW 8000, SPX 817, Nasdaq 1455, and Qs 28. Today is the first day closing below the pivotal supports and a confirmation of a continuation to downside is yet to be seen as the market action could be seen a false break if markets trade up from the LOD yesterday with inv H&S formations. Markets are bouncing up with good IBM earning report in AH. Intraday/Daily price actions are showing moderate +D with the 1/20 sharp sell-off. If we see sustained positive day going into AAPL/GOOG/MSFT earning reports with positive reaction after the earning reports, we have a hope to upside as we are in a pivotal market turn as 1/20 +/-.


~~ Major Markets ~~