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Here is the rule for DT position entry. I learned from somebody else and also from my bloody experience

it.uncle(路遥)

1. It is never too late to cut your loss. It is never too early to lock your profit.

2. Do not play the crashing market. There is no reason to rush into a short position when market is crashing down(like yesterday afternoon, it you miss it, keep on missing it, do not jump into it). A short opportunity will present itself upon upward consolidation(maybe like this afternoon).

3. Trust no opinion. Trust chart.

(#62924@43)
Last Updated: 2008-12-12

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SPX Support/Resistance for Dec 12,2008. Please remember, the law of motion states that every action there is reaction. Today, Bears are taking action. -it.uncle(路遥); 2008-12-12 {88} (#62822@43)
916~918 2nd resistance
898~900 1st resistance
840~842 1st support
818~820 2nd support

这么大的一个炸弹,今天要热闹了. -elephantsong(大笨象); 2008-12-12 (#62824@43)

Bears are not piling in. I do not see any huge bears yet. I am out with a small win. Waiting.... -it.uncle(路遥); 2008-12-12 (#62862@43)

牛气冲天呀:D -lancome08(迷茫与狂躁); 2008-12-12 (#62863@43)

Yes. Unbelievable bullish. There must be big money behind the bulls. -it.uncle(路遥); 2008-12-12 (#62864@43)

# 大家都看胸了，明天搞不好来个疯牛。 -mtlu2(Hold'em); 12.11 22:26 (#62773@43) Reply -mtlu2(Hold'em); 2008-12-12 (#62865@43)

你认为是最后的疯狂还是走上了漫漫牛路了? 嘿嘿 -lancome08(迷茫与狂躁); 2008-12-12 (#62866@43)

I am long from Nov OE day, but dont follow me, and dont use me as opposite index. -mtlu2(Hold'em); 2008-12-12 (#62869@43)

I do not care if it is bull or bear. I only care how to fetch a tiny money from it. I play both sides in one day. But I feel safer when play bear in the bear market. -it.uncle(路遥); 2008-12-12 (#62868@43)

路遥大侠，这么牛。是否该买HXU? -newcomer1981(好学的新手); 2008-12-12 (#62906@43)

I do not think so. I feel safer to play bear because the market had a lower low yesterday. Right now, it could be a upward consolidation for the resuming down trend. HOU is not good for long term. -it.uncle(路遥); 2008-12-12 (#62908@43)

收到！谢路遥大侠明示。 -newcomer1981(好学的新手); 2008-12-12 (#62911@43)

Today's volume is much bigger than yesterday. Right now there are 4 green and 5 red bars. Green bars still have the bigger volume. I do not see huge bears piling. Waiting on sideline watching the brutal fight. -it.uncle(路遥); 2008-12-12 (#62878@43)
I see a big red bar with 5.7M on SPY. 5Min Chart at 10:30. Waiting. -it.uncle(路遥); 2008-12-12 (#62884@43)

好消息 -elephantsong(大笨象); 2008-12-12 (#62887@43)

MM can hide any thing but volume. If this pattern occurs again and again( price up/volume down) on the 5 minutes chart. It means this is a upwards consolidation for a dip down trend. I will wait for a while to understand Mr. Market. -it.uncle(路遥); 2008-12-12 (#62889@43)

什么状况了? -elephantsong(大笨象); 2008-12-12 (#62900@43)

I do not see lot of shorts today. So no action for me either. It is in consolidation phase. And I do not see short squeeze either. Pretty strange pattern today. The first hour looks like short-cover push up(some shorts hold the position overnight) -it.uncle(路遥); 2008-12-12 (#62905@43)

Followed by 2 green bars with much less volume(4.1M,3.4M). The price goes up, the volume to support the pricing up is less. What does this mean? Waiting.. -it.uncle(路遥); 2008-12-12 (#62888@43)

Look too close just confuse, look further will be better. that is my DT experience FYI -mtlu2(Hold'em); 2008-12-12 (#62890@43)

I only believe chart. Long term, I do not know. DTer only read chart. In chart, I believe -:). I believe nobody. -it.uncle(路遥); 2008-12-12 (#62892@43)

I still donot see any huge bear. Where are they? Waiting at the resistance line? Over all, green bars have bigger volume than red bars. Kind of disappointed. -it.uncle(路遥); 2008-12-12 (#62897@43)
The gap of SPY has been filled. Now, what is next? Where is my bear pal? -it.uncle(路遥); 2008-12-12 (#62912@43)

熊掌今天要不把牛头给撕了,就要被牛吃掉.感觉跟暴风雨要来临前的平静一样. -elephantsong(大笨象); 2008-12-12 (#62915@43)
One bear pal is under water. -hbf(EnjoySummer); 2008-12-12 (#62916@43)

Here is the rule for DT position entry. I learned from somebody else and also from my bloody experience -it.uncle(路遥); 2008-12-12 {417} (#62924@43)
1. It is never too late to cut your loss. It is never too early to lock your profit.

2. Do not play the crashing market. There is no reason to rush into a short position when market is crashing down(like yesterday afternoon, it you miss it, keep on missing it, do not jump into it). A short opportunity will present itself upon upward consolidation(maybe like this afternoon).

3. Trust no opinion. Trust chart.

unfortunately financial is not on bear's side today. otherwise, we could see -300 easily. -ican(apple); 2008-12-12 (#62919@43)

是不是要对今天你预计的点位进行修正.由于有了早盘的跳空低开? -gaomaidimai(高买低卖); 2008-12-12 (#62968@43)

I do not know. It looks TA does not work for today's market. Let us wait a while. I do not see any bears so far. My screen are all green bars. Let bulls run. -it.uncle(路遥); 2008-12-12 (#62973@43)
I see bears piling at SPY=88.00. -it.uncle(路遥); 2008-12-12 (#62974@43)

Here is the rule for DT position entry. I learned from somebody else and also from my bloody experience

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