What a bloody day today

What a bloody day today ! So far, bears win because bears broke down 1050, which is a key level for bulls as pointed before.

On September 23, 2009, I have posted the warning sign for bulls here. I sincerely hope you have unloaded some longs or loaded some shorts for hedging. Trading is like driving, when warning signs show, slow down your driving or adjust your positions and be prepared for possible dangers.


As discussed before, here I quote them again, "My expectation for this market correction is S&P 500 1000. So Let's see if 1000 can be touched and if 1000 can hold the market well." The date I posted this expectation is September 25, 2009.

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