Thursday, August 27, 2009

8/27

I am still expecting the market to decline here so I do not have any recommendations. Even if the market goes up from here it will come and re-test 1020. In few weeks I am going back to Nepal and will be back in November. I will not be able to post much till then.

Just watch for 1020 in S&P.

3 comments:

Anonymous said...

we did see the 1020 close ("kudos" - right on the dot).. do you see more pullback or a good time to get in? any recommendations..

Nepali Trader said...

I am still expecting a pull-back to 950-965 range, the range has moved up from the 930-950 that I had previously. If we go up from here, we will pull-back to 1020.

blogblogger said...

have fun in nepal.. i went back there few months ago.. it was quite nice and relaxing. didnt really feel like coming back... u get used to the easy slow paced life.