Market keep going down

11/18/08

It has been awhile I last posted stuff here since I have been busy with my insurance business. Well, I am still remain very bearish. Period. See the above chart and you find yourself the answer. Whenever if the market up 2 days in a row, please get out or it should be great chance to sell short. No question ask. It is just plain simple. Market is heading south. No matter what government does, no matter who do that or what. BEAR Market rules!!

Trend change?!

10/31/08

The above chart do showing some sign of good news for bulls. However, it needs to see the 1-2-3 pattern( higher highs and higher lows ) to build solid rally that lasting period of weeks. So, need few more days to determine if we have that or not. Do not forget, even if we have the rally which is a BEAR market rally only. We have long way to coming out of the wood yet. US Corporations has just starting lay off huge amount of workers so far this month. Anyway, have a good Halloween (Indeed, it is good halloween for market since we just have 2 up days in a row that it has not been seen for last 5 weeks ).

Descending Triangle pattern

10/28/08

S&P and other major indices are having great rally today. However, the daily chart is telling us it is forming a desending triangle pattern which is bearish. If the support line got broken, you all know what it will happen. Every major rallies are for BEAR to sell off hard each time so far this year. Do not believe this is true rally if tomorrow close in negative note. Will tomorrow people is selling the rate cute news?! Who's know?! Let wait and see. Good Luck. It is because once the support got broken, next level for DOW would be 1000 points down( 7000-7200). We have not see any 2 up days in a row so far for this month.

Another Bloodbath sell off week

10/24/08

Nothing much to say this week. The reason I did not post much these week because I am still very bearish. Again, no matter what government do. The market is still in very very bad shape. We are making historical bloodbath sell off October ever. Good luck folks.

Credit Crunch Jokes

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.

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