Bulls & Bears
Posted by btr Thu, 03 Nov 2005 02:03:07 GMT
All major indexes are back at the SMA 200 line. Judging from the overhead downtrend lines and SMA 200, we shall see some pullback unless the bulls take charge from here.
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Posted by btr Thu, 03 Nov 2005 02:03:07 GMT
All major indexes are back at the SMA 200 line. Judging from the overhead downtrend lines and SMA 200, we shall see some pullback unless the bulls take charge from here.
Posted by btr Sat, 29 Oct 2005 01:20:15 GMT
The market acted like a yo-yo. Yesterday Dow Jones Industrial was down 115 and today it's up 172. The blue lines might be the bottom for the short term. We shall see some upside to test the SMA 200 which acts like the dividing line of bulls and bears.
Posted by btr Tue, 25 Oct 2005 01:00:17 GMT
The market obviouslly liked the news on the nominee for the fed chairman. So far, QQQQ has moved ahead of INDU and SPX.
Posted by btr Thu, 26 May 2005 01:31:13 GMT
QQQQ remains strong in the uptrend, but let's see if it can break this resistence.
Posted by btr Thu, 26 May 2005 01:29:16 GMT
MSFT pulls back some, but it'd be an entry point for anyone to get long if it can stay above this support.
Posted by btr Thu, 26 May 2005 01:26:40 GMT
It looks like 300 is reachable for GOOG. We have seen two big gaps up.
Posted by btr Wed, 18 May 2005 23:31:52 GMT
It's a good day for all indexes. INDU moved over 10400. I have started scaling out stock positions and building up cash as planned.
Posted by btr Wed, 18 May 2005 00:38:33 GMT
Oil stocks continue to decline after peaking a while ago. As crude price drops, we expect further downward movement, but the bottom may be approaching. The support for XOM locates between 52-53.
Posted by btr Wed, 18 May 2005 00:34:02 GMT
As expected a few days ago, MSFT broke out this ascending triangle. It looks bullish short-term.
Posted by btr Wed, 18 May 2005 00:32:12 GMT
LOW broke out in a big way, but it looks like that it will snap back a little.
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