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What a pity Dow did not close dropping 300pt... Or else can see 95ct immediately...  lol
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what a pity Dow did not drop 300++pt yesterday... It mean the other 200pt drop will be tonight.... hmmm....
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I have closed my positions for dow...Enough for me....  Time for sleep..... Tmr will be another massive selldown? Gd night...
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Maybe 10990 may have support....
xing78 ( Date: 26-Aug-2011 00:48) Posted:
There should be some support coming in at the 200MA @ 11036 on the dow. 
Isolator ( Date: 26-Aug-2011 00:36) Posted:
| Great... Dow break today low.... -300pt here it comes.... Enjoy |
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Yes... it broke it..... Dow will drop more than 300pt tonight.....
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Great... Dow break today low.... -300pt here it comes.... Enjoy
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If it break today low at around 11150......... it will be more than 300pt drop tonight... Watch the show....
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Apple is running a beautiful wave 3? Once confirm, it will be having correction before going for wave 5?lol
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It is not dow -100pt that I am seeing tonight... It either -200pt or -300pt tonight....
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Tomorrow Cosco open gap starting 95ct?
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Dont blindly averaging.... For me, usually I see a few support or resistances.... It can be either one that is real.... So my averaging is limit at my stop which is the last support or resistance before the pattern break.... Anyway, that's my styles... lol
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Sifu is always good in explaining with very nice wording..... I like it...
iPunter ( Date: 25-Aug-2011 23:21) Posted:
The news, or whatever event, usually confirm the chart...
        By the time the news is out, it is too late to respond...
                Thus, chart reading is the only way to go...   
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As a TA traders, why so concern on the what strong financial news??  Charts tell you even before any news been published.... To be a successful TA trader, we MUST not let any news or remarks to affect your judgment... Only natural disaster or terrorist attacks we  can listen or else just listen to only charts....
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Dont need to add  shorts when you  the first  50% short has started to profit... Only short the other 50% if it go against you for averaging..... Just my thoughts...
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Most likely will see  Dow below 11000pts tonight....
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I am afraid there will be no rebound.....  The questions is whether it will  drop 200 or 300pt tonight.... I have confirmed (if stop) to profit at least 100pt from shorting dow.... Most likely I should gain 300pt of profit tonight....
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Cheap can get cheaper and even much more cheaper.... Enjoy....
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Many of the funds will suffer a severe losses due to this bottom fishing...... all will be crash down together.....
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I think you anyhow short now..... you will be  laughing to bank.....
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Sheng Siong seems like defensive counter.... but defensive it will be.... no one know..... Maybe it suffer lesser drop, but it will still drop when the markets crash down....
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