9:50 AM
The pre-market was down huge with the whole world market. It opened low around 1% down, went lower, but didn't break yesterday's (last Friday's) low; then moved up a little. If it doesn't break last session's low, or close around today's open, it is a good sign.
The Chinese stocks get hit huge this time. I believe the bottom is near, so I won't trade. Stay neutral right now. Here are some reasons:
1. Financial and real estate- have been beaten down, and can't go any lower;
2. Tech - strong, and can't be beaten down;
3. The rests are drafting with the market.
4. China/HK market down was the policy delay, it should be one time. So I am not worry too much.
So, I don't see a big down turn from here.
11:30 AM
The market is still drafting in negative. It is a definitely a pig market. So I am taking so profits on RIMM and APPL, and back to 25% in cash.
11:45 AM
The QQQQ is forming an unique three river bullish pattern, which is a bullish reserve pattern. It needs to be confirmed by the new high (in previous 3 days). So hold on the bullits a little bit, I expect another drafting down in the afternoon. If it closes strong, jump in.
3:30 PM
The running up is fairly strong, I loaded up AAPL and RIMM back.
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