本文发表在 rolia.net 枫下论坛Thanks Lite for your comments, for others, here is the one I posted last night in QQQ's trading room. I am sorry I have to stay in my own room because I have many non-English readers in the room, they do not prefer come to HT to flash pages every 5 seconds.
Nere is the posted Last night For 12/05/2008, Charts are not repeated here:
12/05 Not convinced to the down side, not yet
Today's most important number: Released on 12/5/08 8:30am For Nov 2008 Nonfarm Payrolls
- M/M change Consensus -300,000 -400,000, or whatever.....
Unemployment Rate - Level Consensus 6.7 % - 6.8% more or less who-knows
We had an interesting day, and I think the most interesting part, as always, the last hour, the sell off and action around 840 was just amazing. The late bounce in last 20-30 minutes brought mkt back substantially off the lows. This action is basically told us, mkt is not convinced to the down side, or at least not yet.
Here is what I think,
If tomorrow's number is bad, SPX might gap down, But no matter how low it goes, it will not go lower than Monday's low, also may not even go today's low. If that is the case, SPX might still trying 880 area tomorrow or Monday.
IF tomorrow's numbers are not so bad, well, it will head to 880+.
Only if SPX at any point of time dips below Monday's low, the game is end for longs.
Here are charts:
Dynamic chart 15 min SPX
dynamic for SPX Daily. when 840 holds, 50ma still possible, 830, 815 (Monday's low).
60 min SPY Support still holds well, still in middle of 2 gaps. support and resistance.
60 min SPX still within the TL resistance and support, still can go either way.更多精彩文章及讨论，请光临枫下论坛 rolia.net