Oilissohot,andburnedalotofshort.Howeversomeonementionedthegaslinepricehighnowismoreduetotheseasonchange,andnowtherefinersproducemoreandmoregasoline,thefundamentalischanging,andtheTAchartshowsthecorrection.
IsayUSOwillgodownonMondayandcontinuetolower,today\'shighisthe52weekshighforawhileatleast.:)
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VIXshowsnofear,outbought,tripletop,stillunderthe200ma,ema...
run....[
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WemayseethesamepatternasJan.intheverynearfuture.[
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Themarketwillgodownfromtoday.
SPYformedRSItripletopwithRS=7dayswithoutbought,todayitfailedtobreak$142.05,makesthesituationworse.QQQQwillreturnbacktolowerthan$48.14.
Ifyouhavethelongposition,itistimetogetoutnow.
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Thetalkisfailed,whichisnotgoodforboth.YHOOwillgodownhardfor3reasons:newbuyoutwillcomeverylater,shareholdersverydisppointed,traderslikeuswillbewashedout.
HoweverMSFTwillNOTgoupalso,becauseMSFTreallyneedtoinvolveininternet,thefailedtalkisalsothefailureforMSFT.IfMSFTgoesuphigheronMonday,sellit,anditwillgodowntotouch200MAagaininthenearfuture.
WSknowtheeconomyisnotseverelikemanypeopletalkbefore...[
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AsImentionedon4-15,USOwilltouch$94,todayitreachthatgoal,whichmaketheTAlooksperfect.
http://web.wenxuecity.com/BBSView.php?SubID=finance&MsgID=1085521
Tomorrowitwillgodown,thefirststopistotouchEMA(12).IfEMA(12)werebroken,itwouldgotocheck$80support.
YMYD.
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IdoexpecttheUSOwilltoucharound$92.5to$93.5beforeitgoesdown.Thechartstillshowthestrongsignal.Onlywhenittouchthatrangewithoverbought,itmaygodown.Idonotputitbutinsteadtocallitwith$94.
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WeeklychartshowstheQQQQjusttouchtheuptrendlineoftheupzoneformedwiththeJuly/06andMarch/08(whichjusttouchthe200MA).Theweeklychartalsoshowsthe$46.41asthe38.2%correctionforthedowntrendfromOcthightoMarchlow.Todaytheclosingpriceisaroundthecriticalline($45.4),personallyIthinkthebreakoutisfailed.
Inaddition,theSPYisoverbought,andtheBBlineshowsthepossiblecorrection.
Somypersonalopinionisthe4Qwillre...[
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Imorefeelthebearwillkeeptopushthebulloutofthetriangleforawhile,IamreallyafraidthattheMMwillhavebigselltomorrowonOEdaybecausetoomanypeoplethinktostopon$50,MMcanusethistoselltheirsharejustlittlebelowthe$50,andbythelastminutetodragitdowntodeeper.
Fromearlythisyear,MMalreadyknowtheFinancialmarketwillgoworse,andwhattheyaredoingistokilltheshort,fornowbasedontheGOOG,AAPL,theywillnotallowustoescapetha...[
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Basedonthecurrentexpection,thenewsisalreadypricedin,howeverduetothehighshortpercentage>36%,weshouldseeitgohigher.IfOVTIcanholdabove$22,nexttargetis$26.
YMYD
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