July 2, 2009

07/02/2009 intraday update

4:02pm

market close at LOD, a typical ending in a trend day.  NYSE trading hour is extended to 4:15, but my trading week is over.  I will post something over in the weekend to review the general market.  Have a good holiday~! 

 

3:30pm

today, I did not mention this is a trend day, but you guys should be able to identify it easily after 11am.  gap down, no fill and new low--- a very tradable pattern.  

 

3:24pm

good effort by bears!  :)  both levels i mentioned are out now

 

1:05pm

last hour trading before a long weekend.  SPX is holding 900 and NASDAQ is holding 1800.  let’s see if bear can make a further move before the close.

 

2:56pm

it’s another MDD if we close the market now. 

image

 

12:43pm

btw, someone may say this selloff is triggered by the job numbers.  don’t think this way.  you will never be a good trader if you are following data like this.  these data only reflect yesterday.  study your chart and look forward…

 

12:40pm

this is the bloody wave three i was talking about.  lots more downside to come, this is really just the beginning.  so add short position at every rebound…  enjoy this ride to 666 in next three months :)

 

1:43am

tomorrow could be the day i am waiting for.  If it’s a gap up, a great short entry opportunity.

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