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!