US job data

[AP]

US job data seems to be received positively (DOW and other markets are reacting postively...). Hope this would initiate the start of upward movements again... What are the experts saying?

[Rams]

the experts have their own bias...the data may not be enuf to maintain the momentum, if emerging market contagion was the reason for the sell-off, then the real move will come when that is not a reason to sell anymore...but i am accumulating for long term and trading the short term moves.

[AP]

Thanks Rams. Good insight. Do you expect developed markets do decline further or do you think they are near their lows...

[Rams]

dont know, we need to see what the market does "post-sell-off" ...the DOW has just bounced off the 200EMA on daily..is this the bottom? i hope so becos i started adding to my investments: i am an investor at 200EMA.