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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Thursday, April 21, 2011

critical juncture

just a few days ago when s&p downgrades u.s. rating, market was nearly broke down. now turn to nearly break out in just 3 days. a very volatile market indeed to fight the long term support / resistance as they are merging closer and closer. the fight could be very violent on either way's break out, now favor bulls.

so many markets are around critical medium term, even long term juncture, including s&p 500, dow jones ind, small cap, nasdaq, financials ...
breaking above or turn down could have serious impact. some indexes already have the initial signs of potential market break above. eg. $vix broke down and close below the long term support. usd broke down and ... close above. worth to do a critical comprehensive review for members (only) of either case, as going either way could still have lots potential on the break out / break down direction. anything is possible in this world.