More. Klci wont la

bloody awesome!

Guys,

Do not be a hero and click BUY here.. momentum still going because the trap door below that support is broken.
Plenty of time here, let it settle down. Seeing a lots of forced selling at L2.

I'm hanging on to my bear shares for now..

This post has been edited by danmooncake: Jun 21 2013, 03:04 AM

thanks for the warning.
1550 seems to be the next support?
on a 1 year graph, the up wave was all the way up from 1350. A safer bet would be 1350-1450?

my Apple has turned bad. On paper -3.5% now. More to come perhaps.

This post has been edited by yok70: Jun 21 2013, 03:21 AM

Lots of blood tonight.. Dow lost 15k and SP500 lost 1600.
Bears are out in force here with -350pts lost on dow, -40pts for SP500.
Haven't see that for long time but I guess it's better than no time.

This post has been edited by danmooncake: Jun 21 2013, 04:47 AM

Correct. I have not seen - 300pts for a very long time

Hey Z! How's it going?

Brutal slaughter overnight.. bears are roaming out to play.
Goes to show how quick sentiments can change.

Anyway, watch for SP500 for triple witching Friday close tonight.
If SP500 can't get back above 1608-1610 in the next bounce up, there's going to another major selloff..

I'm going to SELL and SHORT this rally.

it has been good, but the market and portfolio is not doing well.
I'm holding Netflix bear options but on negative. Extremely thin volume and expiry is today.

will be looking into the 2x or 3x bear etf especially precious metal related.

NFLX is one of those strong stock that refuses to die because of CEO pumping- tread carefully.
But, you can get your opportunity if it can dive below 212 (50ma bears line)

Better bear side to play during bears attack would be AAPL, FB, GLD, SLV all fallen into bear territory.
Bad girl LVS also recently fell thru. Lotsa of opportunity here.

Based on US's fundamental, I have the feeling this bear can't be too strong. Maybe it just roar for a while, then follow by sleepy bear and sleepy bull leaving the market alone for a longer while.

I believe it only short term bear for US, wait it completely digest the QE news

withdrawal of QE suppose a good news for US, it represent US economy recovering well

its just testing the 15k barrier.

If some of you who are short term trader like me, go ahead be brave to buy some for bounce tonight, which I expect could happen when it opens.

But, no need to rush in and buy for long term investor yet.

I do expect when SP500 bounces up,, that ceiling at 1608-1610 could force it back down with another rout of selling. This is where I would short and ride it down.

Then again, I'll have tight stops in place in case it doesn't happen.

Let see how it goes.. and hopefully everyone can make some money!

KLCI looks like got support during morning session.

How many screens do you guys use to trade and the inch?

This post has been edited by countdown: Jun 21 2013, 05:13 PM

Gold will drop again after raising the margin (though now it's pointing up)?

http://www.marketwatch.com/story/cme-raise...dist=beforebell

Last time when silver was raised, smaller investors/traders couldn't enter and it dropped.

This post has been edited by countdown: Jun 21 2013, 09:07 PM

Lost $2 for my GLL since GLD is bouncing, not a problem. Holding my stop at $96 here.
If GLD goes back up to 129/130 and if it looks like it stalling, I'll reshort again.

This post has been edited by danmooncake: Jun 21 2013, 09:45 PM

tq for ur input, I'll stay away for a while and will take a position end of today.

This post has been edited by countdown: Jun 21 2013, 11:07 PM

A little bear rest? Maybe close slightly red. Next week continue bear ride?