10/17/08
1) I went to the ATM this morning and it said "insufficient funds"..
I'm wondering is it them or me?
2)I went to fill up my gas tank and I couldn't decide between leveraged and un-leveraged.
It is just for fun only.
Friday, October 17, 2008
Thursday, October 16, 2008
Technical Analysis why lows of 10/10/08 is very important
10/16/08
This is only my observation:
1. Dow all time high 10/11/2007 and recent low 10/10/2008 and is exactly one year span time
2. The date 10/10/2008 is falling in 144 calender days after recent rally high from 5/19/08
144=12*12, also 144=55+89 ( Fibonacci series number )
3. Also, 10/10/2008 is also exactly 2 months span time from highs at 8/11/2008
By study point wise drop from S&P index:
1.Since 10/11/07 high 1576 to 10/10/2008, it keep going down 365 days, so 1576-365*2=846
2.Since 5/19/08 high 1440 to 10/10/2008, going down 144 days, so 1440-144*4=864 ( real drop 600 points)
3. Compare with 10/11/2007 high, 7/15/2008 low (1200), so 1200-(1576-1200)=824
4. Compare with 5/19/2008 high (1440), 9/18/08 low (1133.5),so 1133.5-(1440-1133.5)=827
By compare point 845 to 840 lows
5.Compare 5/19/2008 high (1440), 7/15/2008 low (1200), so 1200-(1440-1200)*1.5=840
Somehow, S&P 840 area is very important level to act as midterm support.
Now, here is important date to see:
1. 10/28/08-11/7/08, more important before 11/3/08
2.11/21/08
3.12/4/08-12/10/08
4. 1/2/09-1/7/09
This is only my observation:
1. Dow all time high 10/11/2007 and recent low 10/10/2008 and is exactly one year span time
2. The date 10/10/2008 is falling in 144 calender days after recent rally high from 5/19/08
144=12*12, also 144=55+89 ( Fibonacci series number )
3. Also, 10/10/2008 is also exactly 2 months span time from highs at 8/11/2008
By study point wise drop from S&P index:
1.Since 10/11/07 high 1576 to 10/10/2008, it keep going down 365 days, so 1576-365*2=846
2.Since 5/19/08 high 1440 to 10/10/2008, going down 144 days, so 1440-144*4=864 ( real drop 600 points)
3. Compare with 10/11/2007 high, 7/15/2008 low (1200), so 1200-(1576-1200)=824
4. Compare with 5/19/2008 high (1440), 9/18/08 low (1133.5),so 1133.5-(1440-1133.5)=827
By compare point 845 to 840 lows
5.Compare 5/19/2008 high (1440), 7/15/2008 low (1200), so 1200-(1440-1200)*1.5=840
Somehow, S&P 840 area is very important level to act as midterm support.
Now, here is important date to see:
1. 10/28/08-11/7/08, more important before 11/3/08
2.11/21/08
3.12/4/08-12/10/08
4. 1/2/09-1/7/09
Tuesday, October 14, 2008
Bull & Bear Markets for DOW since 1900
10/14/08Here I repost a chart to show that there are 55% time market is in bullish state as well as 45% time market is in bearish state since 1900. Therefore, to know when the market is in bull or bear that would make you a better investor/trader.
Out of stream yet?!
10/14/08Technically, 9800 mark of DOW is strong resistance level to break, but once we past it, it will be very bullish. However, it seems market need to retest those fib levels and reverse. The last friday low should be bottom for this scary selloff and for the rest of this year. However, all major indices are still in bad pattern and it has long time to go to break the downtrend line.
Monday, October 13, 2008
Technical view of today rally
10/13/08As the chart showed, market built a bullish morning star candlestick pattern start counted from 10/9/08-10/13/08 three days pattern. My opinion is the most the DOW could go in 10000 to 10500. That it! Jumping around 2000 to 2500 points from last friday bottom. I did not disclose the longer time frame here that suggest the next wave down will break below last friday lows of 7842. I only disclose to that chart to my client only. Do not be so happy even we have big big rally today. It is just BEAR market rally only. It is still part of the big correction ongoing. And this just solve the banking and credit crisis. The whole world economy is entering into pro-long recession. Good luck trading folks!
Historic rebound after worst week drop ever
10/13/08
What a holiday rally!! Finally, US Treasury is deciding to directly invest into equities of top banks in US. This is the bold move I have mentioned. It is much much better make sense to use $700 billions to buy garbage. Although we do not know if this plan would work or not, at least the bloodbath selloff of global stock markets has ended. We need to see how bonds market trading tomorrow in US in order to call the last friday is bottom. It seems the plan that British brings on is more welcome than others. Which raises the question, why did that clear view have to come from London rather than Washington?! It is very simple. Paulson's original plan is going to get our money into Bush, his, and others banking senior executives. Since no one knows what is the current market price of those "Garbage". The Bank could just request blank check written $100 billions and both parties can get some $billions split to share. Even I notice this sucker plan is not going to work, why not other Americans. Now, Paulson need to bend down his keen and need to follow the concept that British propose with some degree of variations. What British plan make sense is they attack the problem directly. Inject cash to whoever banks need ( buying their equities), fully support interbank lending in between, and totally backup each depositor asset. Does it seem common sense at first place?! Why our so proud of US Government is not the one who stand up and saying loud to solve our crisis few weeks ago. They are just keep playing around their naive experiment rather than really to rescue our national. They seems not care at all. Maybe they know how to do it, they are just want our $$. "WT?" our US government is shi?. I have no confidence to our nation current economic plan at all. I hope Paulson follow work is going to work. No matter what, US is 100% surely getting into economic hardship. I will post more later on with technical perspective. Good day!
What a holiday rally!! Finally, US Treasury is deciding to directly invest into equities of top banks in US. This is the bold move I have mentioned. It is much much better make sense to use $700 billions to buy garbage. Although we do not know if this plan would work or not, at least the bloodbath selloff of global stock markets has ended. We need to see how bonds market trading tomorrow in US in order to call the last friday is bottom. It seems the plan that British brings on is more welcome than others. Which raises the question, why did that clear view have to come from London rather than Washington?! It is very simple. Paulson's original plan is going to get our money into Bush, his, and others banking senior executives. Since no one knows what is the current market price of those "Garbage". The Bank could just request blank check written $100 billions and both parties can get some $billions split to share. Even I notice this sucker plan is not going to work, why not other Americans. Now, Paulson need to bend down his keen and need to follow the concept that British propose with some degree of variations. What British plan make sense is they attack the problem directly. Inject cash to whoever banks need ( buying their equities), fully support interbank lending in between, and totally backup each depositor asset. Does it seem common sense at first place?! Why our so proud of US Government is not the one who stand up and saying loud to solve our crisis few weeks ago. They are just keep playing around their naive experiment rather than really to rescue our national. They seems not care at all. Maybe they know how to do it, they are just want our $$. "WT?" our US government is shi?. I have no confidence to our nation current economic plan at all. I hope Paulson follow work is going to work. No matter what, US is 100% surely getting into economic hardship. I will post more later on with technical perspective. Good day!
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