A rainy day - my personal story today

A rainy day - my personal story today !

Today, after a day's busy work and trading, when I looked out the window, I noticed it is a raining outside. Unfortunately, I forgot to bring my umbrella with me.

So, guess what? I was wet when I walked from my office to the parking lot.

This experience reminded myself, and you as well, don't get wet during a rainy day in the financial market ! Especially when the market movement is against you !

So never forget to bring the "umbrella" with you when you make trading decisions.



We have warned and being very careful recently, to name a few, see below:

• First warning, last Monday, the first level of Bull's support is broken.
• Second warning, last Monday, predicted QID will hit 34 soon.
• Over the weekend, more important, we pointed out the down trend is formed last Friday.
• Yesterday, our market close remarks said: "The market correction may continue until the marked line in the picture is broken out." Which is remarkable because today the market just bounced back from the black line we drew two days ago. See the chart for a better understanding.

Actually, we have clearly said below words last Friday:" Based on the moving pattern of QID this morning, I feel that yesterday 's 1,879.92 of NASDAQ may be a top/high for some time. More confirmations will be developed and posted here. "

So far, 1879.92 has become a top/high for at least a week. No magic formula. The charts told us all the story.

Now, the market comes to a critical position. Bull's second level is broken today. And the third level may be broken as soon as tomorrow.

If the Bulls can not get back to these two support levels, especially the third level. More pulling backs are very expect able.

The magic green line has successfully kept the bulls under for 7 days so far ! What a magic line we have drawn !

Things could become ugly, so be prepared!