Odd Still Favor Short Term Market Bounce.仍然看好短期市场反弹

Yesterday, the Dow, Nasdaq and S&P 500 were able to hold last week's lows (31228, 11108 and 3858 respectively). Coupled with the fear/greed and put/call ratios, which show that investor sentiment is too pessimistic, U.S. stocks have begun to rebound. Stocks across Asia and Europe rose after the People's Bank of China cut interest rates overnight to stimulate its economy. The strength of foreign stock markets should be a positive help for U.S. stocks. In addition, famous technical analyst Tom De-Mark's TD Combo indicator issued a buy signal (this indicator had issued 6 buy-signals since 2000, 5 of which were accurate, this is the 7th signal).  The odd for US stocks to continue to rebound  is good. The Nasdaq rebound target is 12000-12250.

昨日道指，纳指及标普500均能守住上星期低位（分别为31228，11108及3858）。加上恐惧/贪婪和看跌/看涨期权比率均显示投资人情绪过份悲观导致美股开始反弹。隔夜中国人民银行减息刺激经济，导致亚欧各国股市均上升。国外股市的强势对美股应能有正面帮助。另外，著名技术分析师Tom De-Mark的TD Combo 指标发出买入信号 （这个指标自2000年以来发出过6个买入信号，5个准确，这次是第7次），美股继续反弹的机会大。纳指反弹目标为12000-12250。