Monday, March 2, 2009

Benchmark Dow 7000 is broken while S&P fractional close above 700


3/2/09

F....a...l...l...i..n..g !!! It is another historical day for Dow Jones Industrial Index as everyone is throwing towel. It drops 300 points and close 6764. Folk, please,please,please do not believe whoever so called Wall street expert opinion that last Novermber Low is final bottom. Once again, my studies and analysis are much superior than their professional view or forecast. And, do you recall those experts make a bullish call on S&P 2009 year end target?? Or believe US economy is going to recover or bounce back the second half of this year. Those to me are bunch of jokes. Technically, major indexes charts are looking very bad. However, TA indicator is showing oversold condition. I would expect any technical bounce anytime for intra-day basis. Or if there is any bulls around S&P 700 mark and make a reversal day tomorrow?! Let's blame one of the black hole (AIG) who get another round 30 billions from taxpayers $$$. F*&^ing that I need to own this piece of junk too. Oh, we all American need to own this crap. AIG for sure will ask the fifth round in months. Hey, We will all going to own more craps as our government do not know how to manage our financial system. Trust government policies or believe my studies is so simple your choice to trade with this Long Bear Market. I guess it is very obvious your answer would be. I never stop learning Technical. It does work magicial amazing!! Good luck to America and good luck to Obama!!

No comments: