hmm... but jus now no idea would it had done the same spike? anyway, the feeling was shiok man can the momo do it one more time

I would like to see a hard spike down to 1200 (or Dow 11250).. but don't think this is happening.
Need more bad news to scare the bulls.

Closing update:
Dow 11357.04 +10.29 +0.09%
Nasdaq 2578.78 +15.80 +0.62%
S&P500 1218.71 +5.31 +0.44%

Darn, the bulls took back half of what was lost two days ago.



This post has been edited by danmooncake: Nov 11 2010, 05:32 AM

Oh no. My tight STOP filled during the volatile market. URRE close but still in profit. Nais.. bery bery nais..

I'm hoping for more selling @ open due to CSCO and BA report tonight.
This could allow better dip buying later.

This post has been edited by danmooncake: Nov 11 2010, 09:46 AM

In that case, let's Q lower. Buying in later before its toooooooooo late. Dollar is still fckin cheap

Do you guys think there will be some round of window dressing by this year end?

I am hoping for the window dressing of course!

Cash out b4 CNY and celebrate kao kao.

Loaded up on some non-halal stock (FEED) and added more position on MU. Nice volatility btw. Made my heart race as if I was on a rollercoaster.

haha big profit % wise, not so much as cashwise coz didnt really buy alot
X ah......made some too but not as much as MOS ......but X is more volatile la....can buy n sell faster, not for me as i seldom monitor.
And if i kept XPP, now walau sold too fast on this one

Don't worry, XPP will turn around and give you 2nd chance. You can also play FXP on the way down (be the bear).

Tonight, market sell off at open. I'll cover my shorts and buy some dips. Can't miss this.

This post has been edited by danmooncake: Nov 11 2010, 10:03 PM

Leading industries seem to be reflecting two different views on the economic recovery.

Tech-sector bellwethers such as Apple and IBM tell the story, says Chris Verrone, head of technical research with Strategas Research
Partners. IBM is making 40-year highs after breaking free of a 12-year correction. Apple is also punching to new highs, “despite what the street wanted to call a bad earnings report,” Verrone said. He sees the stock market as overbought, and due for a short, shallow correction. But strong price action and breakouts from bellwethers, not just in technology but also industrial leaders, is consistent with a cyclical economic recovery.
“The market’s leadership backdrop is telling us that’s the case,” he said.

However, seven commodities-related industry groups also are leading the market. The factors fueling those groups—such as a weakening
dollar and supply shortfalls — are less optimistic. Oil-, metals- and coal-related industries also are leading the market. Most of those have advanced
since the end of September. Only two — gold and silver miners and solar energy companies — held top rankings at the time.

Aweak dollar fell even further following the Fed’s plan to pump more cash into the economy. This tends to make dollar-denominated commodities,
such as oil and coal, more attractive to stronger currencies. It also amplifies the currency fears that have sent gold and other precious
metals to record levels. Meanwhile, short supplies of metallurgical coal and agricultural commodities, particularly corn and soybeans,
continue to boost futures.

aiya. no need to monitor. can do auto-pilot. Example : Buy if X <=40 or => 42. an example of TTO, straight away you place your TS.

Yeah, commodities price are crazy. Dollar = toilet paper.

PENDING TTO Orders:
URRE : 2.20-2.25
LPH : 3.33-3.40
BAC: 12.01-12.12

I have new indicator now: Use LVS as Gauge of overall market .

Got some Dec TCK 48 calls @ $3 for short term trade.

wah! shiok man!! within 60 second dog jones -xxx the thrill is shiok!!! momo, one more time & pls do a better damage job

anyway, the momo really need to do a better job to shakeout or close the gap



ten is pricey but its kinda resilient, roket fuel gua



lph minimal damage

This morning shake out wasn't enough yet 'coz the gap still there.

Dow 11200 pleaze!!! 50 more points dive!!
Would like to see LVS dive to 47.50!

u still got tomolo & if lvs reach tp, its a swing trade

to recap the sub $10 watchlist, swing trade



roket fuel



no damage yet



can it pullback

Tomorrow will be too late 'coz US Fed buying. Stocks will most likely go up.
Tonight pull back no much.. sigh.. oh well, at least got some shorts covered and nip some TCK calls.

Closing update
Dow 11283.10 -73.94 -0.65%
Nasdaq 2555.52 -23.26 -0.90%
S&P500 1213.54 -5.17 -0.42%

The bears gave back some near closing.. Now, let's go back up tomorrow so that I can sell to profit!

This post has been edited by danmooncake: Nov 12 2010, 05:53 AM

19 To 1 At G-20

Economics: The G-20 meeting in Seoul to create a new global economic order looks a lot like a rugby scrum, all arms and legs and little clear direction. Yet on one thing the leaders agree: The crisis is largely America’s fault.

A couple of headlines show what we mean: “Obama Under Fire At G-20 Summit” (Agence France Presse) and “Obama Flies Into Storm Of Criticism At Seoul Summit,” (the Sydney Morning Herald). Why the anti-U.S. tone? Sure, legitimate gripes can be made about the Fed’s renewed $600 billion quantitative easing plan to boost U.S. demand and weaken the dollar. And those who fault the U.S. for its massive debt buildup and trillion-dollar deficits will get no disagreement from us. Both policies are economically unwise.

That said, the idea that the rest of the world has innocently stood by over the last decade of financial turmoil while the U.S. messed things up doesn’t stand up to scrutiny. Take China and Germany. Both have followed policies that push up exports at the expense of imports and domestic demand. In
2009, the two countries accounted for 19% of the world’s $12 trillion in exports. The other G-20 countries run big trade deficits and want Germany
and China to “rebalance” their economies. Such requests have so far been met with a polite “no thanks” at the G-20.

Chinain particular is following the same foolish mercantilist policy Japan did 40 years ago — focusing on boosting exports at all costsby undervaluing its currency and building foreign reserves. Yes,GDP growth in China has averaged over 10% for more than a decade. But because of the frugality China has forced on its citizens, the savings rate approaches 50% — an unhealthy level that leaves little room for buying other nations’ goods. So resentment is building. Meanwhile, U.S. critics in Europe, the G-20’s largest bloc of nations, are no less hypocritical. While insulting U.S. fiscal profligacy, their own finances are a bleeding mess—far worse, statistically, than even ours.And that’s saying a lot.

thaneven ours.Andthat’s saying a lot. In 2009, U.S. public debt as a share of GDP was 53%. In Britain, it was 68%, in Germany 72%, in France 78% and in Italy 115%. In Japan, the debt-to-GDP ratio is at bankruptcy levels: 190%. True, some brave, bold moves have been made recently, especially in France, Germany and Britain, where political leaders have cut spending to regain control of their public finances. But that doesn’t
change the fact that plenty of economic policy mistakes have been made around the globe and we’re all paying for them now.

These problems aren’t easily resolved. G-20 watchers who keep hoping for a “grand bargain”—a deal on currencies, or trade deficits, or government spending, or whatever, that will somehow solve all our problems—are going to be disappointed. The answer isn’t in collective action, or in blaming the U.S. It lies in sound economic principles followed by each nation. These include lower taxes, smaller government, fewer regulations, freer
trade, and a respect for private property and rule of law. A commitment by the nations gathered in Seoul to return to those principles would do more than any deal on currencies or trade deficits to strengthen the world’s economy.

the do nothing g20 summit

I think China would cut down the trade imbalance by increasing the imports from US.

In a way, the bulldozing way of Obama may work to certain extent.

A direct approach.

I mean he still gets what he wants. though not completely. China still has to give face to US no matter how.

When you drink water, do not forget the source of the water comes from, i.e their wealth comes fr US. That is what they say. Hope they preach what they think and say.

Sadly , the reports just cover the " surface " of the meeting.

The way I see it.

FED may not be printing so much money afterall. Words always louder than actions.

Is there any records to trace back ?

No one cheers for this one

Consumer Sentiment in U.S. Probably Rose in November

http://forum.lowyat.net/index.php?act=Post...37727223&st=760

This post has been edited by SKY 1809: Nov 12 2010, 08:58 PM

Another sell at open tonight.. but gotta to watch the commodities tonight. Tech lead the decline yesterday because of CSCO but recovered some. Commodities will lead the decline today but gotta to watch 'em to see if they can recover and if not, I won't be buying dip but selling.