Thursday, September 2, 2010

2nd Sept 2010 – Boon Leong asked me….

This evening, I am glad to meet up with my hard core Stockaki member Boon Leong. Here are portion of Q&A that we had inside his nice Toyota.

  1. Are you Bear or Bull now?
    • (Answer) I am short term Bull and long term Bear.
  2. So when do you think the Bear will be back?
    • This is when I think it will be, pls refer to the chart below. It is at the intersection of 20MA, 50MA, Down Trend (blue) line and the Horizontal resistance (red) line.
  3. When will that be roughly?
    • I don’t know. I am estimating that it might take one to two weeks. As good as you can guess.    Open-mouthed

SPY - Candle Two Years_1w 2010-09-02

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