GM bankrupted, Market Sizzled

What a historic day. Today, GM filed for Chapter 11 bankruptcy, marking the humbling of an American icon that once dominated the global car industry. But, the stock market sizzled with a Gap up and run so far.

Our gap up prediction last Friday is correct again, so far our Gap predictions just work amazingly well. Please check the link [1], hopefully it can help you with your trading activity.

For this mad bull's run up, it is not a surprise at all. It is predictable and very expectable [2]. Chart tells everything and the chart never lie to you. The key is we need to know how to read the Chart.

Oil hits 68 and Euro hits 1.42. Amazing.

But be careful, the Bears may fight back and the possible intra-day reversal since I noticed Euro is a little weak now.

If you sold EXEL above 6, then you have the opportunity to buy back at ~ 5. A very nice selling strategy, the chart illustration is here [4].

QID is heading to $30. So nice. I have warned to sell once 38 is broken. I did sell my QID at about 38. I can buy it back much cheaper later.

FAZ is heading to $2 as predicted before. I don't want to spend time to find my previous QID and FAZZ predictions posts. So if you want to learn more, you may go through the blog archives.

Our 10 bagger's list [5] so far performs very well. PDS is another 10% today. I want to call you guys to pay attention to CLFD, which may be a very good pick in the next 1-2 years because the company can benefit a lot from Obama's heavy economic simulation package.

For today's market close prediction, I have already updated[3].

Enjoy the ride up to all !

[1] Gaps prediction

[2] predictable run up

[3] Market close update

[4] Selling strategy

[5] 10 bagger's list