Aiya, it is like this.. don't worry.

One cannot always take take.., gotta give back some. So a little blood doesn't hurt that much.

Over time, it will be higher.. be patience, grasshopper.. be patience.

DJ will mostly likely open modestly a bit higher.. not clear which true direction yet but I'll be watching tonight and jumping in to pickup some good ones if it doesn't hold.

This post has been edited by danmooncake: Jun 18 2009, 09:24 PM

Oil may drop below $70 by Friday.

Oil is getting a lot of selling pressure now.. Options expire tomorrow,
next month roll becomes effective. Traders may take profit.

Also, on the consumer side, gasoline supply is 3x higher than
normal, reported just about a day ago. If gasoline inventory
remains high next week, refineries may not want to
order more crude. Therefore, Oil price may pull back a bit more.

Buckle up... a bit minor correction in the energy sector.

Tonight, DJ ended up slightly positive but that's only because industrials, health and financials are up.
Crude Oil is holding up but Energy stocks are down (too much natural gas inventory).

For those who believe in Feng Shui or Numerology.. is this a good number: 8555 ?
That's what MR.DJ closed

Tomorrow evening, with options expiring.. could be more sell off.. or could be buy back.




This post has been edited by danmooncake: Jun 19 2009, 05:39 AM

$71 and change..

Courtesy of: http://www.oil-price.net/

This post has been edited by danmooncake: Jun 19 2009, 09:08 AM

Funny you said that.. I hoping too.


But, there are some people who felt we're not done going down yet because we've overshoot
on the upside too quick the past 3 months, therefore should take 1/3 to 1/2 back.

Exactly the same thing happen at DJ early last night till end of session this morning.. low volume,
a bit a good news to push up the health care and banks only.. but most energy stocks were sideways.. after
3 days of tanking really bad.

Of course.. didn't you know about this couple of months ago when they arrested this dude who crash the bank over at Antiqua?

Bought himself a "Sir" title from some unknown govt.. like most people buying "Datuk"ship from the Sultanate of the Riau.

This post has been edited by danmooncake: Jun 19 2009, 09:13 AM

Choi!!! Shut it man!! Turn that BEAR face away!!

Why so many people buy on margin in the first place?

Be patient, be patient.. let all the bad karma for this week wash out first..
wait until MR.DJ from American opens and closed out tonight.. after that.. the good karma will follow next week!
Bulls will be back..

This post has been edited by danmooncake: Jun 19 2009, 12:50 PM