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- Has equity market topped?

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The bullish momentum continues to push the market higher. After retreating from the Bollinger Bands top band, the index is now trading near this band again, signaling a strong bullish momentum

Fundamentally, the market may remain uncertain until the positive catalyst outweighs the negative ones. Currently, the catalysts are neutral but with a slight bullish bias.

One of the contributing factors (for price increase) is weakening US dollar in the same period the price of FCPO plunged. Therefore, on a month-to-month basis, price of FCPO did not changed much but has a wide trading range because of the price dive. The other factors include expected increase in demand and tightening supply.

History repeats, although the detail is always different. The study of history shows patterns of broad behavior and the outcomes. Financial markets are a creation of human behavior and they capture the fears, the hopes and the disappointments of a crowd of individuals. These emotions often manifest themselves in repeated patterns of behavior that appear as well defined chart patterns in market history.

The defeat of Kevin Rudd on Thursday provided short term news based trading opportunity. We have added this to the case study portfolio as an example of news based trading and the methods of analysis which are applied. I have detailed the analysis and trading steps we personally applied. ..

Do you feel bullish or bearish about the market? Your feeling and the strength of your feelings have an important influence on the methods you select for trading. It is important that the methods you use are consistent with your feeling about the market. If you feel very bullish but use cautious trading methods then the result will be disappointing. If you feel cautious, and continue to use the same methods you used when the market is very bullish then the results will inconsistent...