25th May 2011–Heading SOUTH. Home Sweet Home

Ticker:

 

1. SPY, DJIA, NASDAQ

 

Topic:

 

1. My friends told me that each time I travel SOUTH back to my hometown, market will head SOUTH too. Is that true?

 

Lesson Learnt:

 

1. Things definitely don’t look pretty for this month.
2. All 3 indexes are getting lower and lower, clearly seen in the intraday chart. 20MA line and 50MA line have become resistance rather than support line.
3. Daily and weekly charts of all 3 indexes look uglier than I look. The only exemption is DJIA weekly chart which is still ok.
4. NASDAQ chart is the ugliest among all. Broken all trend lines and most MA lines.
5. To be frank, I will not be surprise that this trip of mine heading SOUTH will actually CRASH the market, but I do hope that is not the case.

 

Intraday Chart

Historical Chart