SPX Support / Resistance for Dec 11, 2008 918~920 2nd resistance, 904~906 1st resistance. 886~888 1st support, 870~872 2nd support. It says that gold hides in silence.
-it.uncle(路遥);
2008-12-11(#62430@43)
How could you trade in such narrow range?
-hbf(EnjoySummer);
2008-12-11(#62438@43)
I made a little this morning and enough to cover the loss I had yesterday.
-it.uncle(路遥);
2008-12-11(#62484@43)
路遥 : if i want to get some H*D today, should I get HXD or HSD? Thanks.
-hbf(EnjoySummer);
2008-12-11(#62454@43)
I think the market has not found its direction yet. SPX could go up or down 100 points from here. TSX has been beaten down for a while so the profit room is less that HSD/HSU. Play defensively and make small bet each time
-it.uncle(路遥);
2008-12-11(#62461@43)
This is a very uncertain market. Even skillful traders could be caught. So better rest for a while .That been said, it is better be a judge than a fighter for now.
-it.uncle(路遥);
2008-12-11(#62483@43)
Don't want to mislead you but the bulls have a very solid support at 886(today's bad news didn't break the 1st support). Seems the main players are determined to bring this rally to a new high. So be careful. It is not time for bear-pile-in yet.
-it.uncle(路遥);
2008-12-11(#62473@43)
The time for you to make a big bear bet is when you see VIX jumps higher. But right now, it is new lower low all the time. So bears are still waiting. Bulls are still dominating the market. Watch out VIX all the time.
-it.uncle(路遥);
2008-12-11(#62474@43)
Thanks! I did not trade yesterday. Maybe will not trade today too.
-hbf(EnjoySummer);
2008-12-11(#62477@43)
Yes. Better to wait. The time is running out for Bulls. It is lossing strength. But nobody knows if Bulls will make a final attack(I wish I do -:). Right now the oil/gold are shooting up. This gives Bulls some support.
-it.uncle(路遥);
2008-12-11(#62480@43)
路遥, do you have hou.to? what do you think of it ?
thanks
-jenny1(mouse);
2008-12-11(#62516@43)
No. I do not have it. Short term, Oil is having a decent rebounce. Middle term ( 2 ~3 months) will still go down. I do not see any new trend yet but this could lead to form a new trend in the coming month(bottom is coming)
-it.uncle(路遥);
2008-12-11(#62525@43)
you mean HOD to buy?
-gaomaidimai(高买低卖);
2008-12-11(#62545@43)
Not either. Market is seeking direction now.
-it.uncle(路遥);
2008-12-11(#62546@43)
For how long? Tomorrow?
-lancome08(迷茫与狂躁);
2008-12-11(#62550@43)
I think the oil will soon be going down. There is no reason it can stay on 50$ for more than 5 days. Who needs oil when you do not have money? Low gas price will benifit American. For average familyif the gas price can stay uner 1.8$/gallon, a family can save 400$ for other spending such as food. This oil rally is some how related to this stock rally.
First, start from Bank
Now, it is energy
It seems that after all the sectors completing its buyer seeking process, the market will finally go down, but this time, may not be a sharp down but slow bottoming.
-it.uncle(路遥);
2008-12-11{369}(#62553@43)
Fundementals like that but opec doesn't
-lancome08(迷茫与狂躁);
2008-12-11(#62554@43)
This rally is a show to OPEC. If it is on 50, OPEC has less reason to cut more production( anyway they will do but cut could be a reasonable amount). After the OPEC meeting, oil will go down as it should. OPEC has never successfullycontroled the oil price. It is controled by US oil families.
-it.uncle(路遥);
2008-12-11{60}(#62556@43)
Sounds very reasonable! Do agree! Thus, this show will last till Dec. 17? 嘿嘿
-lancome08(迷茫与狂躁);
2008-12-11(#62557@43)
I think it is time to slowly buy HSD.TO/SDS now. The market has made the decision today. There is a weakness in Bull. Bears just started piling in.
-it.uncle(路遥);
2008-12-11(#62609@43)
成交量还是太小
-elephantsong(大笨象);
2008-12-11(#62611@43)
Here is how I count. On 5 mins chart, count the volume of red bars and green bars. Also you can see clearly that the red bars have much big volume than green bars. It will take some time to bring bulls down. Still in consolidation phasebut Bears have upper hand now.
-it.uncle(路遥);
2008-12-11{30}(#62616@43)
I will buy more HSD when the market goes up for consolidation(but this time, the consolidation is for down trend).
-it.uncle(路遥);
2008-12-11(#62623@43)