June 12, 2009

06/12/2009 intraday update

5:47pm

market closed with little gain.  will post a weekend summary tomorrow.  Good weekend, guys…

 

2:34pm

VIX has a sharp pop up right after my post.  any news? 

 

2:28pm

the market is more than boring… SPX and VIX is down at the same time.  If we closed the week like this, next monday will not favor bears.   I guess something big is coming.  BB is tightening now…

 

2:05pm

reentered BAC short @13.74, give it one more try here. 

 

2:00pm

bulls stand above the key resistance.  cover BAC, at least keep my 10 cents profit ~~

 

1:30pm

A bear’s view on the market.  it will be totally different from a bull’s perspective… :P

 

image

 

1:25pm

Today’s leader BAC is retesting the 50ema.  let’s see what will happen.  I entered the short position half hour ago and stop is slightly higher than today’s top…

 

1:03pm

hold it or break it

 

image

 

12:38pm

Everything is fine with bears right now.  Every attack from bulls have been pullback before the 50ema on 5min chart.  a very good sign for bears.  expect more down from here.

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