the perfect set-up has spoken.

thx cobra, the 2.8.0 is broken.



i expected the mkt has a at least decent pull back if not a big down. if the movement was hesitated, that will be a continous bull rally scenario, and likely will be it, target so far still be the 920~940 for intermediate term. the most bullish scenairo will be 200 daily MA by May or Jun. then that is..

if the pull back movement was temerarious, redefine "pull back" to "down leg" and watch 750 n 720 closely for new low or not.

two days to stay close next week, Mar 31, Tuesday, Quadruple Witching Day; April 2, G20 meeting day. but i expect if it had to start, it will happen before the meeting. just too drama for the scene to drop right on that day.



OIL is at a outragious level, future contract to 60 dollar level which i expect US government cant stand for it. its negative to the whole market.

GOLD is real haven now.

bear gave up...

The last 30 min was totally give-up.

The volume isnt the higher as the other accumulation days, on the contrary, i take that as bullish early stage signal of rally, it doesnt seen likely stop before the 3rd gap up open of SPX with volume to finish the distribution stage.

the hardest strike is taking to my confident. I read the mkt wrong, my friends. My great bear king, Jesse Livermore, once to say that trend is something you ride on, isnt something you try to catch or fight for. I pay my price.

uptend is likely to go on for sometime..target 920~940 in 2 months.

simple is that?

bullish rising wedge? so remind me the election week rally.. lets see how story will be developed.



further development, let s check back to last 2008 OCT election rally, i think final push is possible due to the crazy Quadruple Witching Week we r having right now. without volume confirmed, break out could as fake as possible.

Bull Flag?

bear rally isnt done yet, let's all watch how correction plays out.

Quadruple Witching Day.

the Quarter Option Expiration Day, also is the day on which contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire, happens 4 times a year, on March, Jun, Sep and Dec OE day.

huge volatility is expected.

chinese so called it "四重魔力日", sounds very powerful..haha~

anyways, market isnt panic enough, i hold my put options tight. my prediction is reversal might be come at the Quarter Option Expiration Week, spx should below 650, but put should unload bit by bit before that so we can prepare to switch to the long side.

good luck.

he said buy american....

really? really?

Mr. Barrick "the hope" obama said it is good time to buy stock for long term investment, i wonder whether he has a license to do so? people should file law sue on him if investor lost money. warren buffet has yelled buy american stock when sp 500 was at 900 level, now is 700. what could a president do? to 400?

my US fellows, be a republican now, grab your money firmly, and buy a shootgun to protect your home.