Because we need three consecutive red bars. Because VIX is so high which means this is not panick but a damaged confidence. I said before in another post that confusion, no-direction and lack-of-trust means we will keep in a nervous mood for quite a while. Now, nobody knows what exactly can save the market, the FED does not have that much bullets left, the Congress does not know what it is doing, the current administration does not want to take responsibility.
原帖由 EarthJade 于 2008-10-3 16:44 发表
1). I put a post 2 days ago saying: every retailer and fund manager might be waiting to sell on the passage of the bill. This is really a bad sign, Today this really happens. This usual sell-on-news g ...
原帖由 Kami 于 2008-10-3 17:22 发表
Because we need three consecutive red bars. Because VIX is so high which means this is not panick but a damaged confidence. I said before in another post that confusion, no-direct ...
It is not passing or not-passing that caused the sell-off. It is the way it is passed that caused the sell-off. The debtate about the rescue plan should be held privately. The Congress and the administration should exhibit confidence and resolution when they come out to face the public. Had the rescue plan been passed the first time, the public's confidence won't be damaged so much. Now everybody knows that the leaders have no clue. In a crisis, the one needed the most is the strong will, the swift action, the leadership, the direction ...... But the election fear, the career fear, the wooden arrow taxes, the bi-partisan fight, the finger pointing/finding someone to blame ...... all showed that this Congress, this administration and this system are imcompetent.
原帖由 Kami 于 2008-10-3 05:33 PM 发表 It is not passing or not-passing that caused the sell-off. It is the way it is passed that caused the sell-off. The debtate about the rescue plan should be held privately. The Congress and the admi ...
The election is four weeks away and the new administration is coming, with no historical burden, in a couple of months. The rhetoric "Change, yes, we can" will reignite people's hope. There will be banks to test water, to make the first step, and then the money market will ease a bit. VIX will steadily retreat to below 40, and to below 30. And there we will see a bear market rebound. TA still works. Ultimately it is a tool to gauge people's mind. Phsychology is science, not art. The use of TA should be combined with risk control/money management. Wait to see the downtrend to be broken, wait to see the buy signals, wait to see the follow through and the uptrend is confirmed.
原帖由 Kami 于 2008-10-3 17:58 发表
The election is four weeks away and the new administration is coming, with no historical burden, in a couple of months. The rhetoric "Change, yes, we can" will reignite people's hope. There will be ...
原帖由 Kami 于 2008-10-3 17:33 发表
It is not passing or not-passing that caused the sell-off. It is the way it is passed that caused the sell-off. The debtate about the rescue plan should be held privately. The Congress and the admi ...
原帖由 Kami 于 2008-10-3 17:33 发表
It is not passing or not-passing that caused the sell-off. It is the way it is passed that caused the sell-off. The debtate about the rescue plan should be held privately. The Congress and the admi ...
狗仔卡
发表于 2008-10-3 04:22 PM
Because VIX is so high which means this is not panick but a damaged confidence. I said before in another post that confusion, no-direction and lack-of-trust means we will keep in a nervous mood for quite a while. Now, nobody knows what exactly can save the market, the FED does not have that much bullets left, the Congress does not know what it is doing, the current administration does not want to take responsibility.
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