April 21th, 2010

There are more and more individual stocks are having false breakout.

Some of them have changed trend already to downside.

I will expect SPY to hit 113 again and QQQQ at 46 again in the future.

April 21th, 2010

X is continuing to break down.

Now CLF is turning to downtrend.

It is usually the energy and mining stocks are the first to go.

The market will follow the suit.

April 20th, 2010

No matter how you put it about the market.

I believe the market will follow the pattern of X and POT.

April 19th, 2010

The Friday action was very encouraging for the bears.

Earlier last week, I sensed something was about to happen the day after April 15th, tax returns.

Is this the turning point for the market?

The market turned around from downtrend to uptrend from March low in 2009. The Citigroup news turned the market around. Now Goldman Sachs, another bank stock news, could signal the turnaround from uptrend to downtrend.

April 16th, 2010

The Day after April 15th.

I am still expecting a false breakout above 11,000 for DOW and 1200 for S&P 500.

X and POT had false breakout. Now both of them are breaking down.

Many more will follow.

April 15th, 2010

The market broke the 11000 mark.

I am really surprised that the market is continuing marching higher with low volume.

April 14th, 2010

POT is continuing to break down. POT had false breakout.

X and LMT could follow POT pattern. Could they had a false breakout too?