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Is the current correction over? The Standard & Poor's 500 index, a benchmark of corporate America's equity, dropped 75 point from 1449 Feb 27, 2007 to 1374 March 5, 2007, a 5.2% correction so far, triggered by a slide in Chinese shares and warnings by Greenspan that the U.S. economy was...

Chewing “crack” and dancing with MM Day trading is addictive: you have to trade to live and enjoy, that is what you do and who you are. In that sense, trading is “crack”. “Crack” shall not be overdosed, particularly when dancing with MM. I am done for the day Today my MM is...

Chewing “crack” and dancing with MM from marketreflections.com Day trading is addictive: you have to trade to live and enjoy, that is what you do and who you are. In that sense, trading is “crack”. “Crack” shall not be overdosed, particularly when dancing with MM. I am done...

Although sometimes amused by things like “three representations”, I as a day trader actually start everyday with “two representations”: I have to try to listen to both bears and bulls, and see if I can get a few work-orders from each of them, short or long. To do my job well and to have...

Fed and three representations Major indexes all moved substantially higher with substantial volumes improvements. Yes, Dow’s 1.3% gain is still below IBD’s 1.7%, so what? Benchmarks, even though often based on historical data, are still subjectively made. Bench marked on its presumed...

No data, no volume Today is almost a repeat of Monday: last night’s sunny Orient and more M&A chased short-coverers to push Dow to as high as 12290, almost back to the level of pre 031307’s slide. I could almost feel the “bids” from short-covering, particularly in PM session. Once I...

“In short term, there are no fundamentals” As a day trader, I always try to close my trades a couple of hours before market close. Later session trading is always harder for me, I guess one of the reasons is that market participants tend to be less emotional than earlier, having less...

“FA: guessing into mind of ‘animals’ and Fed” “In short term, there are no fundamentals”, and TA would love a trading session like today. With basically no new input from data, information and FA side, what dominates today’s market movement is last night’s sunny Orient and...

Do you want to stay young? Bill to Ben After being a monk for less than a hour over the weekend, i.e., reading, praying and lunching in one of the biggest Buddhist temple here on West Coast, I returned to my pursuit in the mundane world outside of the temple, like other visitors. Life is...

Do you want to stay young? Bill to Ben After being a monk for less than a hour over the weekend, i.e., reading, praying and lunching in one of the biggest Buddhist temple here on West Coast, I returned to my pursuit in the mundane world outside of the temple, like other visitors. Life is...