MARKET'S GOING NORTH..

Market has been spiralling downward for the past twenty days. DOW index plummeted from 12,300 to 12,369 as of the last trading day Friday, May 18, 2012. And this bearish trend may probably continue if world leaders will not act on it to prevent this from happening.

But just today i heard the G8 leaders convened and agreed unanimously to fix EU's enormous problems that may lead to its break up and possibly spread the contagion to other struggling or even recovering economies.

Are we seeing a possible reversal of the market tomorrow? Personally, i believe the market will open up tomorrow in a positive mode, and will bring smiles to both investors and traders.

So right now i am preparing my trade set ups and expect to make a little profit tomorrow. Let's see if i read it right.