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When the markets is down... I would stay defensive by shorting then to buy defensive counters... lol
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Yes. Trade according to your strategy... Enjoy..
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Whatever the direction you have bet..... Must be ready to cut it when it did not follow your window range.....
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I saw Dow shoot up higher yesterday although it close lower.... But this change my mind.... Now I see a sideway ranging of a few hundred +-  for dow.... To me, Asia counters will have a technical rebound during this period..... Anyway, just my thoughts....
xing78 ( Date: 18-Aug-2011 13:59) Posted:
I do not agree, Why?
Look at the charts of SPY and DXY (or UUP) which I have posted last night.
They trade inverse to one another. 
The dollar is due for a technical rebound anytime (there was an early indication last night when it gapped down on open and ramp un intra-day).
The catalyst will be the Euro. 
When that happens within these couple of days, markets in general should go lower (including Gold).
:p 
Isolator ( Date: 18-Aug-2011 13:50) Posted:
| Markets especially the dow has just stablise this week..... It will be sideway for awhile.... Those counters that did not break the windows of rebound will have a  strong technical  rebound..... |
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Alright I will take GMG as my counters to long for the technnical rebound....
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Golden already at some sort resistance..... Should be around 68.5ct..... Just fyi
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By the way, do not blindly follow me...only trade when you also think the same..... I may not always post on my status as I may change my decision fast.... Anyway, I am longing Noble now only...
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I have only take Noble to long for now..... But do not follow me.....
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Markets especially the dow has just stablise this week..... It will be sideway for awhile.... Those counters that did not break the windows of rebound will have a  strong technical  rebound.....
xing78 ( Date: 18-Aug-2011 13:16) Posted:
My view is >  
For those Counters that will have technical rebound should have done so on last Friday.
Example: STXOSV, Olam, GAR just to name a few that had a 10% pop-up from the lows made last week after the recent earnings announcement. 
 
For those Counters that are still sitting at the 52 weeks lows as of Today, they most probably will be there for good.
 
We would have 3 months to reload our  ammunition  (profits off short-selling) to get ready for the next round of Great Singapore Sale which could be a couple of weeks before X'Mas in my opinion. 
 
Trade with caution especially if you want to go long at this point.
Good Luck to everyone :p 
Isolator ( Date: 18-Aug-2011 11:08) Posted:
| Must get the correct counter to rebound.... |
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lol... Alright
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If you control your emotion is fine... But worry that when counters very high already, then they get greedy to rush in to buy....
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Everytime when you place a trade... A cut loss will be place too... or least you must know when to cut....
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Must get the correct counter to rebound....
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Remember is not recovery rebound, but technical rebound for some counters..... 
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But I lost in Dow trade yesterday... no worry..limited loss only... lol
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You dont believe is alright..... TA work well after a massive selldown..... You will watch some counters shooting up soon.... lol
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When markets is stable, is time to search for those oversold counter and at rebound support.... Just long it and it should rebound according to TA....
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Market should be stable for awhile... sideway.... Some counters will rebound.....
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I am done with Cosco.... Closed... Will now trade 1 to 2 counters....
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Dow should be stable for awhile.... sideway up and down with less volatile.... Some peace in markets...
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