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NickC

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NickC

Re: None

Tuesday, 01/26/2010 10:08:25 AM

Tuesday, January 26, 2010 10:08:25 AM

Post# of 368
China stocks tend to follow the broader China markets and US Stocks tend to follow the broader US markets (like the S&P 500).
China is possibly caught up in a massive housing bubble -+ right now (my opinion)weighing heavy on china stocks see ETF: FXI
ALSO:
USA S&P 500 index has been breaking support areas (in the process of but not finished breaking support area). Many markets don't look good.

Long positions are tough right now. I am 100% short.

I also follow the 10 Amigos and look to see how these once high flyers are reacting to market forces. The better ones show their colors during bad times.

Have a GREAT Day!!!

NickC ...... Sunny Florida.

" If one advances confidently in the direction of his dreams, and endeavours to live the life which he has imagined, he will meet with a success unexpected in common hours. "
Henry David Thoreau

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