Somehow for the past 2 months, KLCI and US DOW been diverging. DOW is more volatile.
KLCI and $SPX also been diverging but they've recently crossed each other path again.

KLCI less volatile, yes, so I don't expect much movement from KLCI unless there's a major move in US stocks.

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Added on November 6, 2012, 12:01 amYear end is always pretty bullish for AAPL.. so..it may not get below 560.
But first, let see how AAPL bulls fights the bears at 200ma right here this week.
The line in the sand is 590. If AAPL closes above 590, the bulls will take back that flag.





This post has been edited by danmooncake: Nov 6 2012, 12:01 AM

No, that's not advise. Just my opinion. Everyone is free to share their views here.

At 200MA price line, I would go long here not so much playing the short game unless
something really bad comes out from AAPL.

Took some profits at 585, trailing stops moved up to 581.. so far.. everything seems stable tonight.
If this thing goes to 589/590..before market close, I close out my longs and may play a little short
for a little scalp.

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Added on November 6, 2012, 1:46 amThere you go... AAPL drops back to 580. All gone..
Watching 575.. for double bottom play.

This post has been edited by danmooncake: Nov 6 2012, 01:47 AM

Yes, I like MCD here.. 86.xx. Look like bottom is forming. Maybe mid 85.xx would be a good price to get.
Fwd PE: 14.xx, not too bad.

YUM price action is better but more expensive (in terms of PE) but better growth opportunity esp. China.

Which fast food chain do you like to eat better?

McD or KFC/PizzaHut?

Both McD and KFC/PizzaH also pretty greasy.. but they're making tons of money selling those greasy food.

As for election, actually overnight is the last day before election.
So, tonight is election...by tomorrow, we'll know who wins.

I got $5K on Obama.

Ok.. just in case Romney will win, let's get some PUTs protection for Obama.

Agree... I like to see S&P500 dips to 1375-1380 area before bouncing. At this rate.. it's slowly melting away.
Lots of bulls are defending that 1400 line.

Tonight, gotta to watch AAPL. See if the bottom at 575-580 can hold or not. This is my area to play the long side for position trade and hedge with shorts intraday trade for minor wave down play. We just need more volume to push this back up the 200ma line. Not sure tonight we'll get it.. due to Election day.

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Added on November 6, 2012, 11:11 pmPlaying a little short with the opening gap up for AAPL, wkly PUTs @ 588.
Wait to exit.. maybe around 582-583 for long side play.

This post has been edited by danmooncake: Nov 6 2012, 11:11 PM

Exit out of AAPL puts 584.80.. a little short of 583 area because the support line is creeping up.
Still "Untung" for US Election day.

It suppose to happen tomorrow.. so market is making the move now, well ahead of the election results.
So, when finally over.. either nothing will happen or major sell off.

Just brace for impact. I'm done tonight. No movement in AAPL.
Should have bought SPY instead...

No, not yet.. wait about 12-16 hours later. US polls still running .. they got 4-5 timezone. Hawaii and Alaska people just woke up!

Sometimes those people in the far west coast are pissed off because the polls closed in east coast that they counted and the networks start projecting... then people gave up going to the polls if they know who's winning.

I think those are just congressional votes.

US got a system.. where you can become President eventho your congress are ALL OPPOSITIONs party.

Anyway, the president isn't voted in by the people directly.. that's up to the dedicated electoral college.

They said Romney could win popular votes.. but Obama wins electoral votes. If it happens, going to be like Al-Gore/Bush in reverse.

Darn it.. I should have continue the shorts for AAPL.. it's still be hammered down. Could have make more money.
The last 2 days uptick trend now broken by that squeeze.

Next support is 565 if 575 can't have a double bottom by tomorrow.

But first, let see if Obama can bring in some $$ for me this weekend.

Well, Obama could tell Uncle Ben (before he leaves) to launch QE4...next year. Another crazy bull market may happen.

This post has been edited by danmooncake: Nov 7 2012, 01:32 PM

prophetjul - LOL! nice graphics.. that made my day..

Hopefully, we'll continue to make good money from this market..

Good evening.. oh sweet.. watching the support at 565-568
Maybe time to pick up some calls to play some gap fill.
I'll wait for first 15-30mins to see how it goes first.

There ya go..

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Added on November 7, 2012, 10:52 pmGot some to play at 568. Looks like it may hold.
Tight stop in: 567.

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Added on November 7, 2012, 11:14 pmGot out.. AAPL 568.75..flat.... very weak here.

Going to try PUTs in the next wave up.

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Added on November 7, 2012, 11:24 pmAAPL reach 565..(support area) on the declining line..

Going to see if calls will work here.

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Added on November 7, 2012, 11:40 pmAAPL close to bear territory..(564 and below)

This post has been edited by danmooncake: Nov 7 2012, 11:51 PM

564... that you go...dam has broken. Got out.
No buyers... even here to support.

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Added on November 8, 2012, 12:02 amok.. I'm in 561. just for a quick scalp here.. showing relentless selling.

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Added on November 8, 2012, 12:25 amAAPL officially landed in bear territory (below 564).

If closes here by tonight... it will be food for bears for some time.



This post has been edited by danmooncake: Nov 8 2012, 12:25 AM

I'm watching from sidelines now.. need to see if AAPL can creep back above 564.. otherwise
I'll have to redraw my chart for bearland navigation.