But very quickly, the bulls make the index in green, indicating the internal strength of the market. EURO starts a strong re-bounce after hitting ~1.386. The world market including European, china, Hong Kong are all down last night.
As concluded last Friday [2], the bulls are still in good control. So be careful, if you are shorting the market very HEAVILY.
For QID, watch 39 level closely, if it can broke 39 out well, it could go up, otherwise, no way to climb up big.
PPCO has some lawsuits involved, so be a little careful.
ReplyDeleteQID big down, looks not good.
FAZ is trying to break down $5.
DUG, if 19.00 can not hold it well, next support is ~ 17.5.
Tiger
GM may be a good bet as well.
ReplyDeleteTA,
ReplyDeleteyes. I agree. I already said before, if GM can stand well above $1, it could run up again.
Tiger
Thanks a lot. Nice predictions.
ReplyDeleteI sold my DUG at 20 slightly after open.. Bought into QID way too early (I knew to wait for consumer confidence numbers, but put a limit order in).. OUCH
ReplyDeletestill bad holding FAZ.. May double down on QID at 36.00
Ben,
ReplyDeletewhen averaging down, be very careful. Just a kind reminder.
Tiger
Nice trade on DUG. Ben. All winning trades are good trades. IMO.
ReplyDeleteTiger
May sell my shares of BIO .. in 3 times.. twice in twice in the 60's in the 50's.
ReplyDeleteI think bond sales are going to really bring down the market.. last change for gold :) ..
The market is very bullish so far.
ReplyDelete