finance strong today(maybe because it was already down 2 days in a row.
dara 发表于 2009-5-13 10:12 AM
SP500 now stands at 892 and has been hanging one and half hours around 890,
which is its 4wk uptrend lower band. I suspect the market will find hard time to
hold on to it. Most likely it will break down the line and head down to 881 (EMA20)
in search of support.
The glimpse of hope is that financial and energy issues are holding strong.
My plan is to add additional 20% to my long holdings at 881, wait for an expected
rebounce from there up to the lower band around 892 to unload all longs. Or just
short weak stocks and DT some momentum issues like GM COIN etc.
The break down of the short term up trend will be a bad sign to bulls and it takes
tolls to heal and resume. I'll keep an eye to see if the SP kisses goodbye to the
uptrend again this week.
It's too early to say the rally is over from TA point of view. So be patient...
Take it easy, everybody, DuoJi got 15% of his account stuck as well. I guess he got several millions dollars account. 15% is a lot of money. I am thinking to cut wen s&p < 880.
狗仔卡
发表于 2009-5-13 06:44 AM
