Wednesday, March 16, 2005

3/16 trading

SINA had burst in volumn and price spike at 10 minutes before close. I believe it's because of the the 10-k anual report. I grabbed some Mar Strike 30 calls at 1.8

从华人股市论坛, 马迷提到rumor that SNDA will offer $45/share to buy SINA. keep close watch. IMO, the deal will be done or dismiss before end of April.



Naz is approaching 2005 low of 2008, and closed at the lowest point in 2005 at 2015.

Oil is long term bull. The price above 60 is inevitable. Big dificit has no way to solve unless US $ continue depreciating.

But from Naz chart, it's not so bad so far. But it's at critical level now.

On 6-month chart and 3-month chart, last low and this low formed double bottom if market can rebounce from this level. The key is that Naz breaking down again will make next stop at 1920 which would happen in middle to end of April.





Considering the sharp drop of Naz in this month, the further down or rebounce will be sharp also.

IMO, rebounce is more likely happen than down.

On 6-month DOW chart, it looks like the 4th down wave of the up 5 waves. As long as DOW stay above 10500, the up waves are not detroyed yet.



S&P chart is almost a copy of DOW. and from 2 year chart, as long as it stays above 1150, up trend is intact.





So basically, I'm 谨慎optimistic.

copy 回克's saying about option trading here:

送你一句话:

看的时候要忍,动手的时候要无脑Blind的利落,做好ZERO的心理准备

很多时候不是没有机会,而是因为怕而miss掉了

Option 进的时候要贪婪, 出的时候要恐惧。

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