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  • SPX Intra Day Reistance/Support -- 2008/12/15 -it.uncle(路遥); 2008-12-15 {939} (#63252@43)
    Last Friday, even the bad news was not able to break 840 support, so this might mean a strong short term trend change, However, the market has not decided its direction yet. We are not convinced till the 2nd resistance break out.

    Today, we will likely see the market movement around these ranges.

    900~902 2nd resistance
    886~888 1st resistance
    856~858 1st support
    838~840 2nd support

    If we take last Friday's market movement as an early singal of trend change(short term), we would not expect the 2nd support to be tested(if there is no big 3 bankruptcy News). So, the overall view of market for this week is that, bulls are posing to make a bloody push upwards.

    Disclaim:
    This market view is only for information sharing purpose and is not expected to be used as guideline for your trading.

    As always:
    Motion law says, for each action, there is always reaction.
    What matters is, what is your reaction to the reaction?
    • Watch XLF. It is the leading dropping -it.uncle(路遥); 2008-12-15 (#63273@43)
      • 说明什么? -gaomaidimai(高买低卖); 2008-12-15 (#63276@43)
        • SPX is following this sector. If this sector breaks previous lower( last Friday), the whole Bulls will retreat. I am so disappointed. I saw a rebounce on XLF so I closed my short position with only 1.1% gain. -it.uncle(路遥); 2008-12-15 (#63278@43)
          • 858 -gaomaidimai(高买低卖); 2008-12-15 (#63279@43)
            • Very likely SPX will re-visit 860. I exit too early. Waiting new entry point. I will be off a while. Take a break. -it.uncle(路遥); 2008-12-15 (#63280@43)
          • 但是没量. 那个REBOUNCE是假的. -gaomaidimai(高买低卖); 2008-12-15 (#63282@43)
            • Yes. You are right. I always make silly mistakes. Room to improve. Coffee time. -it.uncle(路遥); 2008-12-15 (#63283@43)
            • SPX/SPY blue support line busted. Let us see if it can hold on 860. I missed another 1.5% gain. -it.uncle(路遥); 2008-12-15 (#63288@43)
            • It looks that no chance for Bull today. XLF is dragged by Madoff. QQQQ is drapped by AAPL. I exited far too early. Bad trade. -it.uncle(路遥); 2008-12-15 (#63291@43)
              • 看来865是阻力位? -gaomaidimai(高买低卖); 2008-12-15 (#63293@43)
                • Mid day support. Will see what is going to happen after 2:00PM. Lunch time is the time for the support line to be regrouped. But 60%, we will have a close around 860. But there is no good entry to short now. -it.uncle(路遥); 2008-12-15 (#63295@43)
          • GS earning report on Dec. 16. -changfa(wavefighter); 2008-12-15 (#63299@43)
        • Bulls are pushing up. I am in Long Position with HSU. -it.uncle(路遥); 2008-12-15 (#63300@43)
          • Bought at 6.70. don't know what will happen. -gaomaidimai(高买低卖); 2008-12-15 (#63325@43)
            • SOLD OUT. TOO BORING. -gaomaidimai(高买低卖); 2008-12-15 (#63338@43)
        • Still holding my long position but AAPL is a concern. It is flat sidemove. XLF is good. Watch out AAPL. -it.uncle(路遥); 2008-12-15 (#63303@43)
          • Still holding your LONG positions? -moneygrubber(Angler); 2008-12-15 (#63307@43)
            • Yes. Watching AAPL, it this guy can hold then QQQQ will go up. -it.uncle(路遥); 2008-12-15 (#63312@43)
              • AAPL was downgraded by GS. I guess that it is not likely for AAPL to go up today. (The overall market is weak today. Oil is sliding.) -moneygrubber(Angler); 2008-12-15 (#63313@43)
              • # 8, you broke one of your rule. You said if your trade does not make money within a certain number of minutes, you would exit. :D -moneygrubber(Angler); 2008-12-15 (#63314@43)
                • Just cut loss out with -1%. Make even today. -it.uncle(路遥); 2008-12-15 (#63316@43)
                • How are you doing with your long. Each time I entered long, I found it is very depressed. If I enter short, I can see some profits after a few minutes. Long is not good. My bet amount on Long/Short is 1/1.5 -it.uncle(路遥); 2008-12-15 (#63320@43)
                  • Sometimes I can change my minds within a second. This morning I found that the price of DIA was below that before 8 PM last Friday. So I exit. But I did not buy SDS. :( -moneygrubber(Angler); 2008-12-15 (#63323@43)
                  • If at the end of today the market goes down even further, I may buy a little long again. Betting that the market might go up before the Fed releases its decision tomorrow. -moneygrubber(Angler); 2008-12-15 (#63324@43)
                    • I am not going to play any Long from now on. Short on resistance only -it.uncle(路遥); 2008-12-15 (#63327@43)
                      • during 1 to 2:30 or 3 PM, market might turn its direction, even though the final direction may still be down. -moneygrubber(Angler); 2008-12-15 (#63328@43)
                      • Let's see if SPX can break through 875. -moneygrubber(Angler); 2008-12-15 (#63329@43)
    • 按照你的12:30半日成交量,量很小啊. -elephantsong(大笨象); 2008-12-15 (#63308@43)
      • So, that why I am thinking maybe Bulls will have a push in the afternoon. The morning sliding is on a less volume which is in favour of Bulls. The biggest issue for Bulls is AAPL right now. If AAPL can hold, then all index will go up. -it.uncle(路遥); 2008-12-15 (#63311@43)
        • 一点钟了,跳水比赛还没开始? -elephantsong(大笨象); 2008-12-15 (#63315@43)
          • Yes. Bulls are weak because of AAPL. -it.uncle(路遥); 2008-12-15 (#63317@43)

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