Monday, 1 November 2004
US market will start trading at 10.30pm Singapore and Kuala Lumpur time from 1 November 2004.
QQQ has managed to close above the moving average 200 day for past several days. It is a sign for more upside move. But the strength of the market is hampered by the low volatility. And watch out for this..
Nov 2 is the US election day. A landslide victory by John Kerry may crumble the market and on the other hand, a landslide victory by George Bush will lift the market to big gap opening.
If the vote counting delayed the election result as it was 5 years ago, the market will whipsaw many day traders to death.
If the election result is clean and fast, there is a great opportunity to make quick and big bucks at the market: pre-market and first 15 mins of the market.
So, all eyes on the election results, forget about the oil price now!
ChingSun
90231976
Day Trader and Options Strategist
etradehome.com and Traderhomes
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