A bloody day for bulls

That's my today's market impression, after the market open 5 minutes.

Our yesterday afternoon's gap down prediction is correct again, so far our Gap predictions just work amazingly well. Please check the link for our daily gap up/down predictions [1], hopefully it can help you with your trading activity.

Let's use QID as an example to show you how to use our tomorrow's Gap prediction [1] and today's market close predictions [2]. Yesterday afternoon, about half hour before market close, we predicted a gap down tomorrow, so buying QID at ~32. Then today we predict a down day, then QID may hit 34 very soon, either today or tomorrow. Then you can sell QID at 34 for a quick ~$2 profits per share in just ~ 2 days. That's basically how I use them for my own day-trading or very short term trend following trading activity.

Euro topped at 1.433 last night, and is heading south to find the support now, so far the down trend in Euro is pretty stable and well established. Oil is still ~ 67. With regard to the global stock market, ASIA and China have a nice up day, while European stock market is heading down.

The market is retesting the 1770 support [3] now after the gap up and run on Monday, as mentioned before.

[1] gaps

[2] close

[3] support