Thursday July 4th,2010

June 28th, 2010

Today and tomorrow I will be moving out of New Jersey to Maryland to live.

I will not be able to posts any blogs in those two days.

But I will be back on Wednesday.

June 25th, 2010

A second leg down will take SPY down to 96 area or QQQQ to 41.5 area.

It might or might not go straight down from here. It is either have heaving selling to SPY at 96 or it could be choppy along the way.

If GOOG break 465 level, a second leg down will happened.
If GS break 130 level, a second leg down will happened.
If X break 40 level, a second leg down will happened.
If AMZN break 115 level, a second leg down will happened.

You got the idea.

June 24th, 2010

Here comes the second leg down.

The right shoulder was either a small one or none at all is done.

VIX is going back up. Huge support at 25.

TZA is going back up. Huge support at 6.50.

Note: TZA will do a reverse split of 5 to 1 on July 7th.

June 23rd, 2010

Is this the beginning of second leg down for the market?

The TZA is moving back up.
The VIX is moving back up.

It seems like GS and GOOG are beginning to take a second leg down.

If S&P 500 closes below 1080, you can expect the market to head lower from here.

June 22nd, 2010

Watch GS possibly second leg down from here. So GS had not participated with recent small volume rally with the market.

Now VIX is hanging around 25 mark.
Now TZA is hanging around 6.50 mark.

June 21th, 2010

Is today the climax of pseduo right shoulder? I think it is.

Remember the last 3 trading days were light volume.