4:05pm
it’s very meaningful today to take out previous lows. a big day for bears! Also, today is not even a MDD, so expect more volatile days ahead.
A quick look at sectors. only defensive sectors are holing about 50ma right now, a self-speaking chart.
3:43pm
the ceremony just finished, it’s so moving…
2:57pm
Someone still remember this chart? i was too aggressive when i paste this a month ago, but if we are lucky enough, this still may become true…
12:36pm
Usually, i only put this kind of drawing to our trading blog, today i’d like to share it here. below is the hourly chart of SDS, a double reversal ETF. this cup & handle pattern is the mostly popular one among IBD and it works really well in a bull market. Many other reverse EFTs, like TWM, FXP, FAZ are having a very similar pattern. Those ETFs will break out every soon… If you have not enter them at a better a position, it’s not too late yet…
12:31pm
market is testing yesterday’s low. I believe it will penetrate and get down to 870 region as a first stop… bears, be brave! :)
11:12am
I will be following MJ’s memorial ceremony today. market is weak and trying to fight back to 5min 50ema, let’s see how it goes…
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