September 30, 2009

10/1/2009 intraday update

market closed and some old readers should realize this is a typical trend day after 11:00am.  it indeed closed at LOD.

 

1:33pm

TIO – THIS IS OCTOBER!  :)

 

12:21pm

there will be some support in 1040 area, a little rebound, then go south again.   this is just the start of a huge down wave, so be patient, bears…

September 28, 2009

09/28/2009

I entered some short position today.  top is in already.

September 18, 2009

09/18/2009 intraday update

1:52pm

out of the FAZ and SDS position with very tiny gain.  do not wanna to see the profit turn into loss again, so…

September 17, 2009

nothing much today.  holding the shorts opened at yesterday’s close and had slightly gain here.  more pullback from here…

September 16, 2009

09/16/2009 intraday update

5:09pm

market closed at the HOD and I initiate some shorts as planned. 

 

1:37pm

no trade or positions these days.  no idea how high the market will shoot up…  XLF did not follow the new high and volume is very thin.  will initiate the short position if market closes at HOD.

September 15, 2009

new high

market makes new high again today.  i will initiate some short position if we have a gap up tomorrow.  market is close to 50% retracement now…

September 8, 2009

09/08/2009 intraday update

2:24pm

market choose the update…

 

1:24pm

The first time touches the 50ema ever since this rally.  break it or not?

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10:12am

stop is today’s high.  if the gap does not fill and make higher high, bears need to be careful.  C=0.618a in primary wave 2 is not over then…

 

10:07am

add some shorts this morning. now sit on 61.8% retracement level.

September 4, 2009

09/04/2009 intraday update

3:04pm

if we make new high here, them next resistance will 61.8% retracement level…

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2:11pm

on 5mins chart you can see this rally more clearly.  will 4th time be the same?

 

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2:08pm

OK, overshoot indeed happened and now trace back to the key resistance level.    Let’s see if this short-term counter-trend rally will end up here or not…

 

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12:17pm

the wave is stronger than I expect.  as planned i entered some short position here.  But it may overshoot the resistance here a little bit…

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11:33am

today is a good time to add short position.  15min chart, the best opportunity is the yellow circle are near 200ma

 

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