The pre-market is up. Again, the market is not overbought yet. Although some leaders are overbought, but it shouldn't prevent making any advance. Yesterday was a good turnaround day. I expect all indices increase over 1% today as the confirmation day for last Tuesday's rally.
11:00 AM
Market is up. But tech leaders are down some profit taken. It should be a buy.
12:00 PM
Just an observation, on the employment minium wage post, 2007 - $5.85, 2008 - $6.55, 2009- $7.25. We should see 2 things: 1. Dollar value direction; 2. Slope of that direction. The dollar will be down for about 25% for the coming 2 years. Wow!
1:00 PM
This morning, bottom finished GOOG and BIDU's calls. Have just got in BNI (railroad) for a long term play. Warren Buffett bought 6000 shares of it at $79.97. This is not really the main reason. The main reason is for dollar crisis play. Ref last weekend comments. I believe that the tech leaders will resume their up marching, but the indices might be down a little tomorrow, if the market keeps current status quo.
2:30 PM
Apparantly, it can't. The indices are fading. The DOW and SP haven't broken up yet. QQQQ is a little bit of ahead of itself. Again, no short, just buy in dip. Get ready for 2% minor correction from here.
But I do believe that there will be a quick and brief chance for the longs to get out before it starts dropping. The correction time-frame is about 1 week.
9:45 PM
30% in cash, 12.5% in mutual fund for long hual, 50% long stocks.
- Interesting China stocks: long, hmin;
- TIE (the ceo bought stocks on 9/10), CG, CSCO calls.
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