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.