I expect DJ will close in green in expectation of higher rate cut.
And will have temporary rebound before collapsing to touch its support level at 7.8K. 

Like that, one's portfolio will be full of loser counter, while those make gain one already sold off much earlier.
Good strategy? 

No offence, just see the illogical part of selling when gain little while lose time, hold the stock. Can't mix with short term and long term. If one is aiming for short term or as a punter, you sell disregard of gain or loss, as once hit your limitation or target, you sell as it is meant for short term in the first place, turning a short term speculation counter into long term holding when making wrong decision is one of the worst strategy which is common mistake made by retailers.
No offence to anyone. 

When oil prices + lower interest rates scenario arises, it is time for the next bull run. Right now the market is heading towards a painful recession for a few quarters but the combined effects will stage the greatest bull run ever along with HYPER inflation.

And yes, DOW will trade sideways for few months after a bear market rally, and within a year or so, we might see a slow climb upwards.
My favorite sectors right now are commodity, energy, and retailers.

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Added on October 30, 2008, 12:15 amI have a hunch that the Japanese government will reduce its IR to 0 due to the current rapid yen appreciation.

Congestion trading after a bear market rally. The dow will trade sideways before the bull market. The bear market will last 12 months minimum.

wah, IOI so green ah. CPO price go up a lot meh or just another bear trap?

Yes, i use to say that. No one is perfect mah.

You said not to buy IOI, but I also bought 10 lots ( a lot greedy ), high risk is involved.

Overall, you are still my SIFU, THAT IS A FACT.

Go IOI go ...

Amaran : Buy at your own risk ! Shall not be blamed for any possible loss.

Nikkei down 3%.

1000 shares are not a big risk to hold. Afterall, buy back at higher price  needs to pay for more comm.

The bear temp is having a short holiday.

If I tell you should, then if the price gone up afterwards, then will you shoot me? 

Take it this way, if one person tells you should sell now at 4.50, then indeed it goes down to 4.20 afterwards, then you will thank him/her for the advice. But if at 4.20 then afterwards, it goes up RM5.00, then you might shoot him because telling you to sell. 

No offence. That's why we don't recommend people buy and sell. As there is no definite answer for this kind of question. It can be right on certain day, it can be wrong on certain day with the same advice as above example.

Cash is king for the time being.

The wave is strong, better do not swim .

Wall Street like McCain more than Obama because,

if not mistaken.

Obama proposed raising capital gain tax from 15% to 20%
McCain proposed lowering capital gain tax from 15% to 10%

It will have significant on Wall Street and traders in Wall Street.

While Obama proposed raise tax on various aspect especially for upper incomer and rich, to tackle high deficit.
While McCain proposed lower tax across to spur spending, just like what Bush is doing now.

If you guys want to lose some money, now is the time to trade. In 10 minute, DJIA can go up from +220 to +30 and then back up to +140.

Remember, these volatility periods are for PRO traders only with sophiscated computerized trading programs. Do not attempt to beat them using buy/sell orders only.

True. Next week will be another volatile market.
Payroll and consumer credit data will be out.
AIG, AMBAC, Fannie(these companies been categorized as biggest failure from subprime issue) results will be out.
So guys beware dun fall into bear trap. Sell on every rally strength

Btw, there is one question that i have:
Since subprime issue causing credit crunch / liquidity -> is there any possible of consumer credit debt / boom will cause another round of crisis?
Or bottom is already here? Time to buy?

Want to ask your opinion, do you think the little bull is temporary ? I am considering whether should take this chance to offload my Resorts and buy it at lower price later.

I think no strong fundamental to support the bull, just some little good news...

Read below:

http://www.cnbc.com/id/15840232?video=916033446&play=1

Obama vs McCain: Who's Better for the Markets?

Obama is the better able to bring about the changes that the financial markets need, says Eugene Ludwig, CEO of Promontory Financial. But Ron Ianieri, chief markets strategist at the Options University disagrees. They make their case to CNBC's Martin Soong.