S&P Fib Retracement Level Watch!

It is very clear where S&P will head!! Most important level to me is 1000 to 1015. My opinion would be if 1000 is broken, it will very likely to test the lows of 2009 and also making new lows for the index. We will see. Also, I would like to this if it crash fast rather than slowly death. It would be the worst if market decide to go south very slowly. We will see!!

Back to where it started?!

To all beloved readers,

I have been in active for a year because I do not see any good long term bullish call about our nation economy as well as stock market. Only those idiots are still in daydreaming about it.

Officially, I am leaving 488trade and I will try to continue to write my though about the status of our nation economy as well as stock markets. In addition, may I put my opinion about world financial conditions too. Stay tuned.

Please go to 488trade blog

I thank you to all the people who follow my blog. However, since may this year I have been changing to write my blog to 488trade. Please go to address: http://488trade.blogspot.com/.

Short BIDU here!!

Just kinda suggest short BIDU here @ price 710!! moment ago. Buying June,2010@600 puts is fine too. It is trading $10.50 for it moment ago!! Just to keep record here for fun. Market should gradually going downward in slow motion here.

Recovery or not?

3/18/2010

It has been long while I have not publish anything here. Now, I repost one interesting article blog by other blogger:

CAT Co reports retail sales of machines declined 20% y/y in Feb and sales of reciprocating & turbine engines to retail users & OEMs declined 33% y/y in Feb

Another source off the wire has even uglier numbers:

 Caterpillar Inc Reports 3 month dealer statistics;
Dec-Feb sales - filing
- Retail Sales of Machines: 

              Feb.10    Jan.10    Dec.09
Asia/Pacific  DOWN 2%   UP 1%     DOWN 12%
EAME*         DOWN 22%  DOWN 35%  DOWN 41%
Latin America DOWN 20%  DOWN 15%  DOWN 24%
ROW*          DOWN 15%  DOWN 19%  DOWN 28%
North America DOWN 30%  DOWN 40%  DOWN 46%
World         DOWN 20%  DOWN 27%  DOWN 35% 

Sales of Reciporcating & Turbine Engines
to Retail Users & OEMS by Business Sector 

                Feb.10   Jan.10   Dec.09
Electric Power  DOWN 26% DOWN 27% DOWN 27%
Industrial      DOWN 15% DOWN 22% DOWN 44%
Marine          DOWN 23% DOWN 18% DOWN 29%
Petroleum       DOWN 47% DOWN 46% DOWN 46%
Total           DOWN 33% DOWN 33% DOWN 36% 

(Hattips to rebeltraders and aztrader)

I thought last February was pretty much "the depths of Hell" when it comes to the economy and heavy industrial orders?

My comment: I 100% agree with this blogger. Remember earlier last year, economy was doomed and supposed to be "The Bottom" according to majority of economists words. Then how come CAT business are still going south compare to last year same period. Why? Why? I do not know. You are the one to judge it the following: "Economy is recovering??" Well, as everyone can see, it seems to be truth only for Wall street but definitely not our nation economy.

Definitely good article to enjoy for Xmas 2009!!!

12/24/09

Yes,even stock market recover lots this year since March. I am still very bearish for 2010 and later for our economy as well as US stock market. Here is a very good article saying the fact that we are facing(somehow cannot reprint here, please click the link and check it out)

http://www.scribd.com/doc/24470953/Sprott-December