Holding cash might be the best option at this point

maserati

Although the head & shoulders pattern which is bears' hope of sharp downturn is still valid at this point, another push of 15 points is not that hard and can overthrow the original picture. On the other hand, the uptrend strength is definitely dying down. We need a big up today just to close the week flat, which will be the first since start of this rally. If you itch to go short, make sure to set up tight stop.

Nancy168

Thank you!

livein

thanks

fisheatme

thanks

maserati

OK. I am pretty sure that the head & shoulders pattern is dead now. Why would MMs give up the last final push for a few points after doing so much leg work?

lilyflower

Can you explain the reason why MM give up the last final push ?

maserati

6# lilyflower

I said "why would MM give up the final push?" 875 seems to me it's a done deal.

pqu

is it a mid-term high retest before going south?  Last Friday's gap just filled..

ppteam

个人认为中期顶就在眼前。加STOP， 成功的话会不错的。

diaqqqq

So most likely we will have some higher high either today or early next week. If so, your 950-1000 could be true by mid-May.

Will buy some shorts if Market crosses 900-910 area and cover with 30 points gain. In any case if it ever goes to 940-950 area, that would be a nice entry for my midterm short accumulation.

6# lilyflower

I said "why would MM give up the final push?" 875 seems to me it's a done deal.
maserati 发表于 2009-4-24 14:40

maserati

9# ppteam
Well since we didn't get a MAD, bears still have a chance. I might give a shot around 880~885 if it gets there.