On the 4th APRIL 2014, we forecast that the DOW JONES will hit 17000. Within 3 months, the Dow Jones trade past 17,000, we feel the market has the potential to towards 17200 on strong momentum trading. The Straits Times Index look set to break 3300 level this week and many traders will turn their attention on blue chips. We would look out on MID-CAP plays with MARKET CAP (500m to <1b) M&A plays and take profit on all PENNY STOCKS to avoid the brutal selling-pressure.
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