[BigDog]

1. Rambus hold for news, and rumor goes like some big company get hold, so 'Ready, shot, aim' mentality play out and killed the market.
2 Then, during the fire, Fitch(Possible downgrade US credit rating) coming out and says that Euro will effect Us.

Rest is history. Hehe, I was totally out, no lose here!

[manerfeifei]

Don't quite get your point~

more detail, please?

[manerfeifei]

Oh after Reading one more time, i guess we'll have a down market? Is it short run or mid run?

[SuperSniper]

Two days ago, I post a picture showing a running donkey with a man on his back, shouting " help..."

[BigDog]

manerfeifei 写道:

Don't quite get your point~ more detail, please?

Oh, I was trying to reason what/why had happened at the end of the trading day.

Now take a look of the chart again. This is SPX after today market close,as you can see we are still in the triangle, KD(stochastic) line cross in the middle, and MACD showing no clue either.

The thing is that year end is coming, many fund managers will have to chasing the performance, i.e., sell the losers and buy the winners. When sell the losers, there will be few if any effect on the index, and buy the winners more than you like will effect the index. And FED, Media... everyone and their brothers wants index to go up so they can translate it to money in their pocket, so they will pump the index as much as they can. Meaning to us: DON'T GO SHORT!

Of course, everything has a flap side, in our case, down volume is heaver, Fitch may downgrade US aaa rating, Euro... On and on take your pick,

Bottom line, in the short term view, I still believe big guy will push up the triangle, and watch the index jump with volume once it goes over 200MA(SnP500 at 1272), target SnP=1350. Longer term view, 1-3 month, we will start to go down and find the true bottom(SnP500=500) once we fore fill the triangle obligation - Usually it only take one leg up then push all the back from the start of triangle!

This is just my 2 cents.

Trust yourselves, your guess is as good as anyone else.
Tomorrow has not been written, no one can tell exactly what will happen!

[manerfeifei]

Kind of got your point in my way~

just read an article on finance yahoo saying that the fund managers are now begging for every reason to buy~