wee Dow on steroids ==

Here's an interesting thing: Both the Dow and SPX did reached over 10% pull back from the highs (April 26) to Friday (May 7) intraday low (I'm not counting the human-triggered computer 'glitch' on Thursday evening). That's the same target when we had a correction from Jan to Feb. The thing to look for tonight is if we can close above 10720 or SPX 1150 for this market to be bullish again.

This post has been edited by danmooncake: May 10 2010, 11:05 PM

I played quite big this time:

1100 C and 100 X..

Hopefully no longkang here..

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Added on May 10, 2010, 11:40 pmNow paper profit about $50..

This post has been edited by epalbee3: May 10 2010, 11:40 PM

Hope you got out from ERY. This thing is taking a huge beating today.

just re-login due to fcking streamyx and ING was SOLD via Trailing stop. Lol, made peanut only.

SOLD 8.70, now nearing $9. Really need a good internet!!

Zamans - with all the profits you're raking in.. I think you've afford a much better Internet indeed.

As I said, I seldom keep ERY overnight...

But this time, I might keep X and C overnight.. Any advice?

C may be a good idea for holding but not 3x ETF.

Both X and C are long term stocks.. you'll do ok with them.

what better internet is there in Malaysia? A poor country like Philippines is better. 1.5MB line is as good as 4MB corporate line in Malaysia. I can download movies and still getting real time streaming.

Been 1 week but still can't see the Level I, II quotes. WTF.

UNG SOLD partially to lock in profit. Dow will close +350-360pts

Trailing stops in place.. If we drop off 10700.. or SPX 1150.. look out below.

Closing update
Dow 10785.14 +404.71 +3.90%
Nasdaq 2374.67 +109.03 +4.81%
S&P 500 1159.73 +48.85 +4.40%

Wow! Very nice closed (much higher than I expected). I walked away for meeting at 3am, came back after market close,
bulls managed to maintain 10700 and 1150 and higher.

Well, Z - you'll probably get your 11K soon, perhaps in one or two more trading sessions only if the market can break above 50MA by tomorrow. , 'coz trap door still here...it is not locked.

This post has been edited by danmooncake: May 11 2010, 07:26 AM

Paper profit about $50 only, last night not moving much..

Hope tonight can up another 1-2%, then will cut off some positions and day trade..

Both Sogoelite and Just2Trade last night had some problem to connect.. If not, ean more..

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Added on May 11, 2010, 7:52 amHave some studies on chart analysis, I think the rally will continue tonight..

Because there strong buy at the end of the session. What do you think?

This post has been edited by epalbee3: May 11 2010, 07:52 AM

ya DMC, let see 11K before U turn.

KNN, look at ING after market. Fake! SHORT on the way.

Nice gains Good profits!

Let's see 11k please

haha....
little bull is coming, at least my list is not like before, all bloody bloody red, now seeing at least some green and most white..

Pre-market reddish, 50+ points. Profit taking will be the centre stage for today.

Newbie here. any recommendation for online broker? I'm considering E*Trade... comments?

expensive, poor execution, high margin rate.

Go for :

TD http://www.tdameritrade.com/welcome1.html
MBTrading http://www.mbtrading.com
Sogo http://sogotrade.com
Just2trade http://just2trade.com

i'm using zecco trade.

https://www.zecco.com/

-usd4.5 per trade.
-fast registration, you can choose to upload ur scanned documentation (registration form, passport, w-8ben)
-wire transfer to fund account. i use al rahji, they charge RM20, then after converted to USD, US broker charge me USD22.5 at their side.)
wire transfer friday before lunch(msia time), monday nite(msia time) money is there in account already.

if you really interested to apply zecco, pm me n let me know, i send u referral, i can get usd75, then i give u usd35, nice? haha.
https://www.zecco.com/help/refer-friend.asp...endscashbonuses (read here to know more)

anyway ur one job is to find out if zecco or other brokers are safe&reliable, after all we can't see or touch the broker. ^^

yesterday huh-hah that 1 trillion enough, today say aiyoooh, salah kira. Where got enough? So market down. Like tat oso can. Still, MM/MOMO profit, last nite all SHORT. My short of ING pre-market no hit. Waiting....