zamans - is the subtitle for this v3 suppose to be 'double bottom coming' or 'double dip coming'?

epal - if you have noticed, there isn't any good news today other than the fact NYSE tries to ride off Europe and Asian gains. Then, things falters and falls apart after ISM data came out (53.8 versus 55 expected for June).




This post has been edited by danmooncake: Jul 7 2010, 08:50 AM

it is the same, just the time matter..

after the dip, there will be bottom, then is time for us to long..

Actually, I'm thinking this is the last chance.. there will not be any more upside from here.

there will be, may be months or years later..

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Added on July 7, 2010, 5:16 pmok, tonight is dip.. hope to see < 9.6k..

This post has been edited by epalbee3: Jul 7 2010, 05:17 PM

anyone bought MGM?

unexpected gain, so i better stay hibernated. enjoy your bull..

It may not last unless closed above SPX 1040. Tomorrow initial claims - expected to be bad.
Bears still got chance to drive down prices.

when is stress test result out?

BUY alert!!! SPX broke above 1040, now at 1048 and likely to close it too.

Volume is picking up here. Financials led the rally!

Epal: As for the Europe Bank stress tests, here's the latest news:
http://finance.yahoo.com/news/Europe-to-ma...1&asset=&ccode=

Update:
I've jumped back into TNA 34 and ERX 25 to ride this up a bit.

This post has been edited by danmooncake: Jul 8 2010, 02:13 AM

Its double bottom, not dip.

Dip is short term, very short. To ensure bottom, we need to see long term trending. We just got 2nd GREEN/break since last 7 red sessions.






This post has been edited by zamans98: Jul 8 2010, 02:26 AM

z: I guess you're still long term bullish!

yes, especially if GERMAN wins the WORLD CUP.

Hopefully, they will.

Market bulls finally came out from hiding. Just 20 mins to go.

it break 10k again. short or long term bull, we will know this week xD

Closing update:
Dow 10018.28 +278.66 +2.82%
Nasdaq 2159.47 +65.59 +3.13%
S&P500 1060.27 +32.21 +3.13%

Wow! What a surge! The bulls are finally awake and ready to turn this ship around.

Riding TNA and ERX for immediate short term trades. Still holding AAPL Aug 250 calls (up 20% today ).
Let see if we can reach 1075~1085 by tomorrow. That would make a better short entry.

This post has been edited by danmooncake: Jul 8 2010, 05:33 AM

Look like Spain is on their way...

Opps.. if Spain wins WC, that's means the market will tank.

This post has been edited by danmooncake: Jul 8 2010, 08:03 AM

If Spain win, then less ppls will go on strike even if government launch austerity measure...

Amazing feat. Broke 10K..

where are the NAY sayers saying we will see 9K? or possible 8.5K? I'm bullish for long term.

Today will be a reddish day, due to "profit" taking.

we never know, but market will tend to move the way opposite to majority people view. if more people are bullish, then it is bearish. Vice-vesa.

Anyway, i will probably hibernate until the market goes bear.. enjoy your bull at this time..