Langlui's Big Board and Options Plays

[langlui]

I hate to say this but I see the indicators are going to bounce from support. But.. i really want to see a breakdown. I can tell you that market held on strong last week despite of all the bad econ news (rising unemployment rate, higher jobless claims, Bernake's recession anouncement, etc). I personally view that market has truly tested the bottom, and we are on our way to break DOW 12,700 and we should see 13,000 very soon (I would say on the day of rate cut on April 30th).

Watch this Tuesday and Thursday for big movements. Tuesday is the Pending Home sales index and FOMC minutes; Thursday we hvae the int'l trade and jobless claims.

Also watch for oil price, USD, commodities prices. Those are good indicators too.