a quick alert

QQQ

How's everyone doing?

I just come back from an appt, stop by here and want to say:

 

If mkt close 850-860, or 865-875 box area today, it is NOT a buy point, it is not a bottom! with USD/JPY keeps sliping, if SPX, DOW and USD/JPY close here now, Asia and European mkt could crash down 5% and make SPX gap down open below support.

 

There is NO bottom signals in place any means, be careful trying bottom fishing. Even day trade need quick hands. (see how spy rejected by 50ema in 5 min chart)

 

also watch DOW, it is at S3 life support here, and many energy names in my list is hitting NEW LOW, this is not a good sign at all. Unless SPX close above 900, I will not even think about any mid-term long, not even swing long trade. Keep cash is OK and wait for bottoming signals and confirmations.

 

also a reminder, even you expect Asia mkt go down, FXP is not a good buy because of its contents.

xiaobailong

shafa

cat888

mikeqc

xiexie Q laoda

equipment

Thx.

lucky99

Thank you, welcome stop by. Sofa #N

gardener2000

Thanks and welcome back!

igloo

dudu

mikeqc

读完了才想起来要强沙发。 我把小白的四合院更撞塌。:(13): :(13): :(13):

sss111222

笑口常开

    Thank you

 

 A lighthouse in the sea !

[ 本帖最后由 笑口常开 于 2008-11-12 14:06 编辑 ]

marlin

1st page

Melody

Thanks!

行云流水

谢拔冗指导

smartll

aght

Many Thanks!

bokchoy888

Thank you Lao Da, feels empty without seeing your presence in HuTong.

笨妞妞

Thanks!!! You are such a nice girl!!!

dj08

Thank you!