Happy new year!

2008 is almost history, painful but educational. Like I said, a bear market is always the best teacher. I wish all of you a happy and prosperous 2009!.

JBLU

JBLU has been up 10% since added to my newsletter.

MS

MS was triggerd yesterday too.

MA

MA was triggered yesterday.

Oil

A fake breakout? The declining oil price could drag down this rally.

Not out of woods yet

This is a potential bearish pattern, 1600 is still the key.

China

This is ultrashort of Chinese stock market. Clearly it just broke the support and now on the way to the south, which means Chinese market has hit the bottom.

Dollar

The dollar is right at the support. Oil needs its breakdown.

Oil services

980 is the key. Ready to break out or a shorting opportunity? Time will tell.

Finally we have something good here

The blue line is broken! Wow! If we can close above 1545 that means the first day above 30 day moving average since Sep 2nd. What an achievement!

NASDAQ

The blue trendline still dominates.

Bear market rally

There are lots of false hopes in a bear rally. Every time we rallied to a downward trend line or a moving average, we hoped something good was going to happen and we could break out. But every time the bulls got disappointed since we won't get any good news until near the end of the bear market. Now it is not the time yet. So don't hope, think clear.

SPWRA

SPWRA was added to my newsletter last week.

Holiday special!

I am putting out the biggest sale ever for my service. $560 for 2 years! That is right, $23/mo, 60% off the current monthly rate! So hurry, reserve the best rate now, which will only last till year end. After that, the rate will be raised to $60/mo or $600/yr.

Don't worry if you are a current annual subscriber, you can reserve this low rate now that will STILL be valid after your current subscription expires.

India market

India shares closed higher after the terrorist's attack. A good sign saying the worst may be over for now.

Bad feeling

America is going to die! All the banks are going to close doors! All the people are going to be unemployed and bankcrupt! This is how I feel this morning! Fear in the air!

Blogger is blocked again

The Blogger is blocked again in China since the Olympic this summer.

Update: CME

$75 pts in 5 days!

GOOG

I added to my newsletter last week, the short signal is triggered today.

CME

I picked up some CME short yesterday.

Why?

We are down over 300 pts on the Dow. Call me bullish biased or whatever you like, how come GS, MER, MS, BAC, JPM, V, MA are holding so damn well. Aren't they the first ones to get sold? I am just wondering.

More thoughts

My last long recommendation was stopped out on Sep 8th that is 490 pts above, my members stayed all cash till present. Why subscribe? To save you from crash! Investor could have easily lost thousands of dollars last month. For people who is too stupid to understand this, I say keep $56, you know how much you lost last month.

Some thoughts

People are still dreaming to make money short term, in this environment? Go for it, there is a better way to throw money. I am not smart enough to make you money, right now I can only help you not lose or lose less.

What now?

Even if this is the ultimate bottom which I believe it is, we are still in a BEAR market that might go on for longer than I previously thought. So cash is still the king.

What did I say?

I hope you listened to me on Friday. Too bad, if you did not.

Origin of the sin

Remember what I said if the bailout plan did not get passed? We crashed to 1600 in a hurry. That is why I said I want the socialism that would avoid the final crash in which some investor might have to sell the losing positions due to margin call or being scared. This is totally government's fault!

22 more days

Did some calculation: if we continue dropping like right now, in 22 trading days, Dow Jones goes to zero. Possible? I am not saying you should pick the bottom here, at least not a good place to sell your positions.

Cut?

Interest rate cut? The market is forcing the Fed to take action!

I want socialism!!!!

I can't believe 13 fucking stupid people destroyed the world's financial system that could be saved today. They should be killed for their stupidity. Why need a vote???? Just pass the bill like the Chinese government!

Financials

I think the bailout plan will be passed in the end. Why? Since the financial stocks are holding well. JPM, BAC, CME are all in green.

NASDAQ weekly chart

The bailout plan has to be approved, otherwise we could see a quick 300 pts decline easily.

It was so depressed and so exciting in one week

Last week will be memorized, 2008 will be memorized.

Finally it is over

The low is in, the crisis is over, TSI is crossing up, we are going higher.

Panic in the air!

I am sensing panic in the air.

Nice close, but

From the NASDAQ weekly chart, it seems the decline just started, though we closed nicely today, which does not change the bigger picture.

Disappointed

Today's action is bad, bad, bad.

Bulls are relieved

This bounce comes right in time. But don't get excited yet, we are not out of woods yet. Just a first step.

China

Positive divergence. If the bottom is in, a perfect double bottom. And I believe this is the bottom. After the Olympic, the market will start rallying.

Oil is shaky

A bullish chart can become bearish quickly. Remember I was bullish on oil in June and bearish on US dollar. Now the oil seems in danger to break down and dollar is on the weekly buy signal. The opposite is also true. The general market was so bearish last month and now it is ready to break out.

Update: SPWR

Now up almost $20 in 8 days! More upside ahead.

Xiang Liu no longer a hero

Xiang Liu was a hero in China, he is the first Chinese man to win an Olympic track and field gold medal. Today he withdraw from the first round of qualifying due to leg injury. A regular athlete has right to be injured and to quit, not him. He is a star, he is a celebrity. He carries much more on his shoulder than any other Chinese athletes. At least he could walk that 110m, that is all I ask for. At least he could show some Olympic spirit, which doesn't include quitting. No more a hero, coward, I call him!

NASDAQ weekly

Notice the pink moving average, which is 30 week MA, about to reverse up. Positive. Also positive divergence, the bold blue lines, another positive.

Update: SPWR

I will sell the first half at $95-$100 area, hold the rest to $120! So far $15.7 in the pocket in 4 days!

Looking back

Remember my bottom call? It is here. That was exact bottom. Where are you, the reader left the comment without a name?

WYNN

It was added last night.

SPWR

I added SPWR couple of days ago, after market it is trading at $84.

ESRX

Added last week.

Troy, good pick!

In BIDU again.

Too bad, got stopped out earlier

Too bad!

Todai opens its first Mainland China branch

LA's seafood buffet restaurant opens the first branch in Beijing. Location is here. I am going to check it out tonight, see if worth of $37 a piece.

Update: it is better than the ones in the States.

Some thoughts for life (in Chinese)

I copied the following from "Trendscar" magazine. 王中磊说自由是最高级别的生活享受，如果一个人可以自由自在，又拥有完美的事业和家庭，那便是人生的天堂了。Amen for that.

Jim Cramer calling the bottom

Jim Cramer is calling July 15th the bottom. Although I don't like him most of times, I tend to agree with him this time.

IMCL

IMCL was acquired by BMY for $60. It is trading at $65 premarket. I think you can close it for almost $20 or 40% in 3 days!

ITT

ITT was recently added to my newsletter.

BIDU

BIDU was added to my newsletter recently.

Elder's new book

Currently I am reading Elder's new book "sell & sell short". Frankly, I think it is not as good as his previous works. He did not come up a sounding shorting method that I had expected. OK to read, it is from Elder.

One thing I like short selling

Shorting has one massive advantage over buying that is they tend to go down about twice as fast as they rise. This coincides one of my trading belief: make the most money in the shortest time frame. As the readers notice that my trading strategy mainly focused on long side, I think from now on I should pay more attention to the short side.

What do I do in a bad market?

1. Go read more trading books. Study the trading journal and see what went wrong.
2. Prepare a buy list that comes handy when the market gets better.

Don't ever give up easily, believe a better tomorrow is around the corner.

NASDAQ trouble again?

2250 area is the key, I don't want to see TSI crossed down again.

Unlucky

Too bad got shaken out yesterday.

NASDAQ bottom?

Bottom fianlly? Better to cover some shorts.

Update: SOHU

Target met with $12.5 profit.

Decline is not over yet

The market can't rally on a good news, it clearly says the decline is not over. Do not try to pick a bottom that is suicidal.

Ken Heebner talks

Bright future? Can't bet against him. Who is he?

Update: ISRG

More downside on ISRG, now $30 in the pocket.

NASDAQ weekly

Typical bear market behavior: breaks down, bounces to the breakdown pt, then resumes the down trend. Also TSI just reversed from the neutral line indicating plenty of downside on the weekly chart.

NYX

I think we should take some profit off the table today.

ISRG

ISRG has been featured in my newsletter for days, now almost $20 in the pocket.

Got a winner!

$2 million is the winning bid to lunch with Warren Buffet. I heard the winner is a Chinese hedge fund manager. Yahoo Finance now has the full story here.

Crude oil

Crude oil is about to break up again that coincides further break down of the dollar.

Strong dollar?

Our government said they support strong dollar policy? The chart says they lie.

WYNN

WYNN has been featured in the newsletter for days.

Update: RIMM

Escaped the massacre again.

SOHU

SOHU was recently added to my newsletter.

FLR

FLR was added last week.

Lunch with Buffet

The auction with Warren Buffet starts tonight. This is the 6th year. I did not know the winning bidder could bring up to 7 friends at the lunch. So that is $100,000 a person if calculated with last year's price. Not a bad investment. Definitely I would go if I have enough knowledge to communicate with him.

My dream

Before I dislike the economist as a title or a profession and I felt embarrassed to say I was majoring in economics, since at that time I thought it stood for stubbornness, old school and poor professors. After years in the trading business, I now have a totally different point of view.

As a short term trader, all I can foresee is hours ahead or days ahead maximum. So the profit is limited by the time. Once the price is beyond the time I could reasonably guess, I become uncertain and suspicious.

But the economist can forecast much further than that. I am talking about the best breed, like Jim Rogers, Warren Buffet etc. They see things years ahead. Jim Rogers has been bullish on basic material since years ago. Warren Buffet bought Petrochina when nobody wanted it and sold it at high.

That is power I want to pursue in the future. I wish I could be one of them, I could see what they see, do what they do. I dream to be called as an economist.

Now it looks like a good escape!

I escaped at $112, $15.4 above.

Update: RIMM

Up almost $12 in 4 days.

I remain short term bullish

The NASDAQ outperforms S&P right now with C is again breaking $20. I don't see much downside from here.

BKX

BKX is now near the low of 2002 on the weekly chart. It is due for a bounce. And you know my attitude towards the financial sector.