My energy bear stocks are looking too... 5% and climbing.

Oil going down baby going down!

I hope to see -3 digits today.

Dip buyers!! Damn those kiasu people!

But, already expected..-lah!!
I've added some on the long position..
I managed to scalp and cover on the short position when DJ ~9466

It will take a few more days for the small correction to take place.
Let's play the price channel.

Tug of War between Bulls and Bears.

Yes, have to play the swing trading game until one side gives way.

Dow 9580.29 +37.11 +0.39%
Nasdaq 2027.73 +3.30 +0.16%
S&P 1030.98 +2.86 +0.28%

Ok.. I gotta give it to the bulls. They're pretty resilient there.
Bears took the market back one step early morning, the bulls jump back with a bigger step.
It amazing how fast we went down and up again.

It does give opportunities for those who wants to day trade or short term trade
with movement like this.

Come to think of this, I think we got the US govt PPT at work today.
They don't want this market to fall.

This post has been edited by danmooncake: Aug 28 2009, 07:34 AM

Wow!... looks 50cent is next target.

MSPORTS holders are going to be on suicide watch soon.

Sure..Just in time for a bigger crash next month.

Let's roll Sept + Oct together and we got 8 weeks of downward slope... how about that?

Look at China... projecting to fall to 2000, all Asia fall next, then NYSE... here we come.

This post has been edited by danmooncake: Aug 29 2009, 09:26 AM

The market is top heavy already.. it is not good enough to satisfy the market with "less bad"
news anymore at this level.

IMO, without more stellar data, this market is going to topple. Let see if the bulls have any more juice next month.

MSPORTS indeed going lower everyday..
Perhaps, there's something going on with the parent company in China that hasn't been published yet and
it seems those who got in early want their money back now.

This post has been edited by danmooncake: Aug 31 2009, 12:04 AM

Ya! Red Army is here!

Looks ok from here..

http://www.theedgemalaysia.com/

You're right. Google cache says "Re0wn3d by: -=v4lc0m87=-" from Indonesia.
Merdeka Day Hack..

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Added on August 31, 2009, 9:08 pmYou're were saying?

China SSE really tanks hard.. man, close to 7%. Price too high.. must go down.
China stock market is more volatile than NYSE now.


This post has been edited by danmooncake: Aug 31 2009, 09:09 PM

How about:
a) The govt hasn't told the true about unemployment or true GDP since we're not out yet from the worse yet.
b) Thousands more will be unemployed by year end, business will be down, crime goes up.
c) US/Europe continues to reduce orders from Malaysia- exports will continue downtrend.
d) China recovery isn't helping Malaysia as she hoping to do.

We need for more blood for true correction.
This is not correction yet. Just a minor pullback @ NYSE.
But, Oil now pullback below 70.

In China, they truly has correction because already -21% since the high.
Whoa! Those traders there are getting slaughtered!
If they continue another downtrend tomorrow, they will fall through 2500 support level.

Since China led the sell off.. MSPORTS tomorrow will get pummeled again

The best time to short was actually last week when it was its sugar high.
Tomorrow, market is already expected down... this is the time to cover some position.

No, that's not true. Buy IPO for the company that you know will definitely..
Like Baidu, China State Construction., etc..

MSPORTS? Who are they really? Just another company selling cheap shoes..
Esp sports shoes.. how many pairs of shoes one need?
If only you can short this sucker..