Tomorrow NASDAQ should be able to see 2000 again !

Tomorrow NASDAQ should be able to see 2000 again !

As expected in the lunch time, the market strongly bounced back this afternoon. The mission of this short DOWN wave since last Friday's 2010 is three folds
  1. fill the gap up
  2. test 1960, the boundary of the embedded trap-zone
  3. test 1940, the boundary of the trap-zone
So far, the gap has not been filled yet.

Tomorrow, I expect NASDAQ should be able to see 2000 again ! IF not, then the three-fold mission of the DOWN wave will continue ....

Please also notice that

After AIG's massive run up, FRE today gap up and run up more than 125% with HUGE volume !

The FRE AUG-09 $1.00 CALL jumps 1400% in one day !
at 8/10/2009 06:02:00 PM

3 comments:

  1. AnonymousAugust 10, 2009 at 6:11 PM

    thanks for sharing

    ReplyDelete
  2. AnonymousAugust 11, 2009 at 10:35 AM

    Tiger - is this the true downard trend or is this the fake trap the bear setup?

    ReplyDelete
  3. TigerAugust 11, 2009 at 10:53 AM

    What I can say is don't guess it's fake or real. Just follow the trend. The trap-zone has not been broken out or down yet. SO just stay alert. I will do more definite analysis later.

    ReplyDelete

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