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!