Market View Update ( 9/23/08)

      
        Market did not get what it want and responsed a sell off  by end of session.  But over all, market is orderly retrace, VIX  get higher again, but still in order.  S&P once again below  1200 which is critical defence line to keep.   It is possible that S&P re-test  1150 tomorrow if  Congress still can't conclude on  700B rescue plan.   I think by end of this week, Congress must provide something to calm the market which gradually lost patient.  This is critical time again,  it will be  a make or breake deal.  VIX could shoot up again to form a double top pattern. 

      Congress known there will be severe conseqence by not passing the 700B rescue plan.  That will be desperation.  The hopeless to the Congress, to US financial system, to US Corperation will build up humongous power to destroy the market. That will be real MDW -- "Massive Destruction of Wealth."  No one could afford it. The time is ticking.

    Now it is just like Chinese word " 危機”， Crisis and hope are hand in hand. " 危險和機會共存” Once the bill pass,  we will see a huge rally hit the market. Market  once again become extremely over sold. Any good news could launch a huge counter-wave.

We may play waiting game tomorrow.  But the deadline is Friday. No more time.  Let's wait and see.

Happy Trading!

[wavePlayer]

回複yw02的評論:sure.

[yw02]

Thanks so much for sharing your experiences and views with us.
Your market review is the most important article I read everyday.
You helped our inexperienced investors a lot. I followed your calls recently and made up all my loss this year.
By the way, I bought some AAPL calls yesterday. When you close your AAPL calls could you please post here or DQ?

Once again, thank you!

[ut1984]

回複wavePlayer的評論:
thanks a lot
就是最近發現dow 跌 oil index也跌 赫赫
不知道老大短期對oil怎麽個看法?謝謝

[new88]

Ding!

[wavePlayer]

回複ut1984的評論:Oil index does not related to Dow. It's based on pure oil price and some oil companies trading index.

[ut1984]

老大 我有一個問題 請你給講解一下 先謝謝您了
我想知道OIL INDEX 的的變化是根據DOW INDEX走勢來衡量的嗎？
他們兩個之間有沒有什麽必然的聯係？

[xiqingming]

Thanks a lot. In principle, I agree with you. However, I still have concern over the details of the 700B rescue plan. Any skepticism on the effectiveness of the plan can cause another sell off?