Thursday, February 19, 2009
Wednesday, February 18, 2009
VIX another gap here
This gap could trigger another wave of drifting lower on VIX, the move could last for 20+ days from here.
Monday, February 16, 2009
Shanghai A share is moving in the path I outlined...
R4 is the next resistance level... but not a heavy one... this bullish measured move will continue.
Sunday, February 8, 2009
SSEC: Year 2006
From 1541 to 2994, 100% move in less than 6 months... the biggest dip is about 100 pts (i don't care about those dips) along the way up, SSEC is a single direction mkt, no margin, no short, no option, no DT, one word... no tricks...
You want to make some money?? no problem... buy stock first... haha... or, you sit on side and watch the show...
You want to make some money?? no problem... buy stock first... haha... or, you sit on side and watch the show...
Saturday, February 7, 2009
Previous Weekly Review for Premium Services (posted on 2009-02-01)
Sunday, February 1, 2009
Weekend reviews
DJI Weekly: This time is different! Started from DJI 14198 peak, this is the 4th set 4-red-weekly bar, but this time the last one is not LL/LH bar like it did in past 3 times, this time, it is a HH/HL inverted hammer bar, bullish!SPX weekly : the past week was resistance D and E double penetration, inverted hammer, HH/HL.
AAPL Weekly : Weekly HH/HL peak inverted hammer candle, R1 cleared, and R2 penetrated, 90% chance to see another mid size weekly candle for next week, so, close near $100 by next Friday?
AMZN Weekly : one big green engulfed past 7 weekly bars, strong bull action. MBB passed, next target is UBB at 73+.
The actions you see on RIMM/AMZN/AAPL in past month are "buy and hold" action, even when mkt went lower, you didn't see them repeat LL/LH pattern, this is bull mkt action not bear mkt action.
Those are leading indicators, with typical bear mkt action, you should see AMZN gap up in the morning and close the day with a big black daily candle... that would be an action "sell/short on good news, and buy back later"... but what you saw is opposite, you saw traders are not affraid of bidding it higher, and "buy in and hold it tight" at a session high price...
This means: confidence of "buy and hold" is back, at least on some of those strong leading names...
SSEC Daily : watch 2018.51 tonight, if break out above it, that is bull flag break out.
Thursday, February 5, 2009
Wednesday, February 4, 2009
SSEC is in a no resistance zone until R3: 2333
There is a small resistance at 2146.73 for tonight, 70% chance to close above it tonight.
2137.29!! looks like 2146.73 will be cleared tonight!
6:54 pm
2137.29!! looks like 2146.73 will be cleared tonight!
6:54 pm
Tuesday, February 3, 2009
OK, DJI 7900-8300 range bounding still valid...
13 trading days stayed in trading range of S2 and S4... Nothing new...
SSEC just hit 2101.15, penetrated previous high at 2100.80
OK, this chart is one day delay... now R2 cleared, next resistance is line C.
Monday, February 2, 2009
Shanghai broke out previous high at 2018.51
SSEC closed at $2060.11, very bullish, next resistance at 2100.80, target at 2250+.
Sunday, February 1, 2009
DJI Daily
DJI is still doing range bounding action between S2 an S4, past 2 daily mid-size red bars, not supported by the small selling volume, possible bear trap. S6 is offering support here, and Friday touch to S6 is the 3rd touch (7449 & 7909 defined S6, and Friday low 7962 is a back test, this needs to be confirmed on Monday).
Shanghai Resume trading tonight
Watch 2018.51 tonight, if it breaks out above it, that is bull flag break out.
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