8:30 AM
The pre-market is up more than 1%. The beaten down stocks are up around 4%.
Since yesterday, I am in an extreme bearish mode. I researched the chart pattern, and noticed that current chart pattern matches 1987 oct crash. So my mind set expects the market going that direction. For the week pre crash, the general market went down on Monday, and up 2-3% Tuesday; gap with huge down more than 4% on Wednesday; then falling from there. And crashed on Monday.
Today, I will just watch. At the close, if there is any weakness, put a small short position.
6:30 PM
The summary of the market:
1. DOW up 2.46%, NAZ up 3.46%, and SP up 2.91% with volume on average of previous 3 days.
2. PUT/CALL ratio is growing from 1.13 -> 1.27
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