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Re China
bear in mind Haiti does not even recognise China as soverign nation....not to be on the side of China...but would you give money to your enemies?? Like America to Iran for instance?
2bit
Foot,
You may have to give this Top a number again...I see a major difference between this one and October Top...this time the option players are not buying puts...just profit taking...will soon see....
2bit
Den, the Chinese were there the next day..
"Liu said China reacted immediately after the earthquake. On Wednesday, China sent a 60-member rescue team to Haiti, which started disaster relief immediately after its arrival.
Following a one-million-U.S.-dollar donation by the Red Cross Society of China, the Chinese government announced Friday it would provide 30 million RMB (some 4.4 million dollars) worth of humanitarian emergency supplies to Haiti.
In addition, Chinese peacekeeping police working for the UN Stabilization Mission in Haiti (MINUSTAH) were also fully engaged in the relief efforts on the ground, he said. "
2bit
Foot,
the Samaritans are the ones who flown to Haiti to help and the priest is Pat Robertson...
2bit
YRT1,
Today's sell off was expected as I have mentioned in my last post. This action is to release tension from the rising wedge. I did not play the index option knowing a sudden drop like today would occur. The A/D survey has shown a flatliner as of close EOD yesterday (looking back I did not take the cue, hindsight is 20/20...that is why I say 100% accuracy would incorporate one's trading behaviour...All in all, nothing's broken in term of trend. Now, going forward one would expect further down stream. However, let me offer my 2bit nothing advice. The A/D survey is still flat and momentum is curling up and although the market fell so did VXO. This is important, I'll let you think about this...
Now GS, I was away the whole morning and missed the shorting action but added GS Call options. Since it has broken the long term MA it now becomes resistance and the near term target is 168.61
2bit
Futures are the least of my concerns....they need cash to drive them...eventually they will get back in shape....
have a good night
2bit
It looks like all indices are in sync for an upsurge...although the rising wedge is a potential danger to the bulls, but an occasional down day will reset and the market plows ahead...this is very bullish...
2bit
INTC Beats...
Chip giant Intel reported fourth quarter earnings of 40 cents a share on revenue on $10.57 billion. The consensus analyst expectation called for 30 cents a share — up from four cents a share in the fourth quarter of 2008 — on $10.17 billion in revenue. Shares are up about 2% in after hours trading.
2bit
Gleno,
no mention of correction, contrary to most beliefs, they state employment is going to improve big time and that will carry the market upwards....believe it or not...
2bit
Agreed, Gleno
2bit
Good inventory/sale ratio they are moving stuff...
2bit
Kenl,
don't give up so easily it is a bottomming process..
2bit
BOS, YRT1
Just like to clarify two things..
(1) "There is no way this market is going down" -- I am a very short term trader
(2) "a system that works 100% of the time" -- this ties in very much with one's behaviour of trading and albeit exceptional events
front page on the New York Times won't do...20 millions in my account will ...
good luck folks
2bit
YRT1,
I wish I can disclose this, but I can't. It has taken me one year to develope and validate. You may remember at the beginning of 2009 I was asking for historical data. Now it is completely functional. It has been 100% accurately so far, and the only issues is the smoothing constant which may induce some time lag but is minimal. It points to the right direction all the time. For example, Dec31 was a big down day and every indicator pointed down but by the end of day the A/D survey pointed to an up swing and Jan4 was an 160 Dow point reversal up day. Today it pointed to an up swing again. OEX closed at 528 and the pivot was at 525 today. There is no way the market is going down. The down bias is only in your head.
2bit
The A/D survey says....another leg up....
2bit
NM are you religious?
Ur using Mary's name in vain...
2bit
Kenl,
Ur GS kicks into high gear now...good call...
2bit
Bidu up 27 AH...
2bit
No gap up my friend, Google machine being hacked by the Chinese and thinking of pulling out of China...sell GOOG and buy BIDU ...
AH, GOOG down 6 and BIDU up 10...
2bit
Could not help to bank the 20% profit from last week...but will be back to short if it rallies...
2bit
The target should still be OEX 520 unless blow out retail sales number...
2bit
My view has not changed...possibly coincides with bad retail sales data Wednesday and comes crashing down...
2bit
YRT1,
everything according to plan...
2bit
Weekend Stress Release...
A little boy goes to his father and asks 'Daddy, how was I born?'
The father answers, 'Well, son, I guess one day you will need to find out anyway! Your Mom and I first got together in a chat room on Yahoo. Then I set up a date via e-mail with your Mom and we met at a cyber-cafe. We sneaked into a secluded room, and googled each other. There your mother agreed to a download from my hard drive. As soon as I was ready to upload, we discovered that neither one of us had used a firewall, and since it was too late to hit the delete button, nine months later a little Pop-Up appeared that said:
'You got Male!
1115=518, ya I say....
2bit
YRT1 Your GS has been downgraded and RIMM may be a buy?
2bit
Not to worry..I would be very surprised if the market does not fall hard within 3 days...
2bit
Feb 515....mind you it does not mean it will go there...I just want part of the move...OIH is the only thing keeping the index afloat...the only reason I am shorting is I see the wedge and 90% of the time it will fall out...but it may not be right away...
2bit
yes but XLF movement is pityful...knowing it will hang on for a few days before the drop/or any time....I went out of the money and Feb puts.....
2bit
YRT1,
It is heavenly...the power of nicotin.....I won't be able to feel any pain if the market shot up...
2bit
I just finished my pipe smoke and about to short...
2vit
YRT1,
I see sell signals everywhere...and Fox thanks for the wave input...
2bit
Of course, here in Canada, it will be
"Bonjour Monsieur"
press "1" for French
press "2" for English
press "3" for none of the above and you will be disconnected..
LOL
2bit
YRT1,
Tomorrow will confirm...
2bit
I got turtlesoupsell signals on AAPL, GOOG, NDX and OIH.....
2bit
YRT1, take a look at OIH...should reach 130 before it is all over..besides it is FOMC day...never a sell day...may be after 2pm...?
2bit