As I "predicted" markets are showing reversal...as I write my BLOG.....
How SWEET it is ...being loved by the "tape"......
Reading tape is not an art it is a science ...which includes looking beyond the obvious..my intuition 101 is a "great tool".......
As expected all the "signs (subliminal of course) were pointing to a major reversal"
But market wanted to take "few more stops to scare the organized traders"...once that was out of the way...guess what..."turnaround from the LOWS"......
On another matter ...market had to accommodate margin call selling..which is normally done & overwith by 10.30 AM......so never SELL if you must before 10.30AM..on a market meltdown day's......and conversley always buy before 1030AM.........
US$ is rocking the world...which you will NOT hear on CNBC...what a sad way to get rating by fear mongering and misrepresenting the facts........
Canadian $ has tanked against US$....my short in Canadian $ is increasing my equity by 2.2% today ...so far.....
Gold down $33.....
Oil down $2.09.....
All because US$ is rising on its own fundamental...without any intervention by treasury......
In my portfolio :
FMCN down $1.14...it reverses very quickly.....following most Chinese stocks in downtrend....
VMW UP $3.82...reversing a major selloff.....
CMED UP 52 Cents.....strongest among most Chinese stocks.....
RIMM down $4.47 because of weak Canadian $.....successfully tested its 50 day SMA of $107.80...so far.....
AAPL down 35 Cents...trying to build a base to run from...
SINA is down $1.19 reflecting weak Chinese sector..thanks to Hong Kong & Shanghai slump overnight.......
@11.27 the following are green:
RVBD ( reversing after taking out lows),SIRF,GOOG,MSO,VLO,GRMN,
SNE,IIJI,NMR ( most japanese stocks behaving well),LVS,MA,CSCO,NVLS,
ENER.
Please do your own due diligence and find your comfort level.
BLOG does not give buy or sell.
Enjoy a profitable day $$$$
Saleem
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