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Wednesday, October 25, 2006

The Bull Still Charging

The U.S. share market has soared on the back of speculative talk regarding interest rate reductions before the end of the year. The Dow Jones continues to push to record highs in recent times with the S&P 500 in close pursuit. Crude oil prices have also been on the decline for quite a while. NASDAQ too has had an impressive ran, adding to market momentum.

Despite the bull rage, I will continue to focus on trading prudently with suitable entry and predefined stops in place. There are probably still some big gains to be claimed in the coming months. ‘Trade with the market trend’ and stick closely to my trading plan. By locking in profits and taking moderate, well timed positions, Let us look forward to a very happy new year!

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