QUOTE(danmooncake @ Nov 6 2012, 10:23 PM)
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.
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.
Greetings + G'Day,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.
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.
Many companies hold off their investments/orders due to fiscal cliff hanger that schedule to affect US economy starting 1st Jan 2013
and may cause recession to USA Economy in 1st qrtr to 2nd qrtr in year 2013.
http://en.wikipedia.org/wiki/Fiscal_cliff_debate
My own picks :- LVS, BZH, CRBC, LYG, XL and MGM
Ppls are holding strong CASH at the moment and hope to pick some should the CBOE VIX reaches 35 pts and above.
http://en.wikipedia.org/wiki/CBOE_Volatility_Index
Who win the presidential post will have to deal with Fiscal Cliff matter by end of year 2012.. If Romney wins, the White House
and Congress will be under Republician.. But, the Senate still under Democrats hand..
President = After Nov 6th will know
Senate = Democrats ( Similiar to Dewan Negara in Msia)
Congress = Republican ( Similiar to Dewan Rakyat/Parliament in Msia)
Have a great day.
This post has been edited by netmask8: Nov 6 2012, 11:52 PM
Nov 6 2012, 11:46 PM

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