was that you then? pm lah. glomac has performed so well even now. now may be the time to pick stock.

This post has been edited by primepeng: Sep 21 2011, 11:20 PM

yahoo may be a data laggard. I might not see the live figure, but now I hope it does not go below 1193.

This post has been edited by primepeng: Sep 22 2011, 12:40 AM

cause this is the support for the entire session. I am using any tool to guide me, just pure observation. So am I right about the lower support here?

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Added on September 22, 2011, 1:00 amtoday is the second and last day(21st) of the meeting. Whether the traders/investors are content or not with the final decision, it will be reflected in the index graph, ie DJ and S&P.

This post has been edited by primepeng: Sep 22 2011, 01:00 AM

s&p rebound and above 1193 now. nearing resistance at 1199 now. feel like watching sport, and guessing which side will win this match.

Moody's downgraded BofA, might have caused the steep fall. but still got chance to see a last rebound

some counters not trading atm. smart choice. I beginning to see more cut loss from yesterday's purchase, now more unnecessary sorrow growing..

I was puzzled too. I am positive yesterday was 21st second day meeting. no more meeting.

In an eye glance, our market has broken three psycho levels dy. including this one.

This post has been edited by primepeng: Sep 22 2011, 11:22 AM

FIXED

Holding penny stock

if our market is really overvalued, why do we have excess penny stocks?

gold is on profit taking. M formation = downtrend.

Operation Twist N force is not strong enough to push the trend against the human fear.

New Zealand market is still 50% above its lowest point since year 2008, whereas our market has shot up 100%. Look, it is moving up and we are going to intercept it somewhere below.

This post has been edited by primepeng: Sep 22 2011, 09:57 PM

second round oversold coming. today I saw some new seniors posting, this is the second time.
past history shows strong rebound at the second oversold situation. It is good to use the RSI, and not the Stochastic, just the RSI to monitor the oversold situation. However oversold RSI may go up to five times for MAJOR recession, and we are only two years away from that big recession.

hopefully DJ reverses its course in days,weeks...two months is too long. maybe they are in a shock moment after hearing about the Twist. So why does it matter if I am going to hold for one year. Only then, I may expect a slight chance of rebound at that time.

This post has been edited by primepeng: Sep 22 2011, 10:30 PM

no. too late to cabut. I have already gave up this last month. now just riding the bear, but I do hope to see many dead cat bounce rebounds ahead.

DJ is indecisive, so more like sideway trading. no trend formation seen right now.

your put option is it traded with the...EMW broker? the US broker?
I am thinking of going for put option and short selling, since now bear is more likely than bull atm.
right now S&P still indecisive. sideway trading.

This post has been edited by primepeng: Sep 23 2011, 01:20 AM

yes. I am willing to wait for another ten months the maximum, but I don't hold 100% cash. If US economy is not as serious as said earlier, it may have a chance for an early rebound. Now is also the best time to prepare your shopping list. Do it quick. wish you luck.
you know about this, that no one can predict the next closing price of a given stock. To me, now it's more like don't do anything just yet, don't sell or buy but hold and wait for a clear reversal from the downtrend.

This post has been edited by primepeng: Sep 23 2011, 01:56 AM

My first success during the 'dead cat bounce' is selling malton at five percent profit this month. It was bought a long time ago even before the us downgrade. I would have hold it for at least one day if not because of the very bad market sentiment.