The key to play the market is

to always have a big picture and then trade day to day variation to your own advantage.

hehe....

This year, never miss the big trends. Not bad....

But ren2 wei1 yan2 qing1. hehe.....

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Market my bounce back after July 4th

来源: 戒急用忍-呆若木鸡 于 08-07-03 11:13:40 [档案] [博客] [旧帖] [转至博客] [给我悄悄话]

Major catalyst: Oil price decline after July 4.

As predicted by some major wall street firm analyst, the oil rose all the way to almost $150 before July 4. Where would oil go after the holiday?

If economy really slows down, we will have less travel during the holiday, and oil demand will cool.

S&P is near major support 1250, actually successfully tested it today with low of 1252.

June's big fall discount lots of bad news going forward. When the earning season start, most should beat or meet estimates.

I'm 80% in today