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Be patient and wait for "SHORT" Opportunity

The DOW really rallied. From Friday to Monday, total gain 843 point. Will this plane still have energy? Hard to tell. The Dow future in 5:05pm GM+8 is 8309 drop around 74. How will it be in day night? I don't think there is great support. Thanksgiving is on Thursday and half day trade will be on Friday. If I am the trader, I had already leave the market last night. Yes, I really sold the SSO which I bought Thursday. Gain little interest. Through the amount is too small but I am glad that it can prove my view of the trader's activities.

In the meantimes, it is not worth to do any long activities. It is good to wait for the best moment to do the ultrashort. SHORT ETF has became less expensive. SKF close at 173.99, DXD 79.35 and FXP is around 61.99.

I do not suggest to buy the FXP because it is hard to tell the china market activities. But for US, sometimes it is really worth to try.

The USDJPY climb back to 96.19 and the GBP is 1.5143. Oil is 53.05 and Gold is 817.6. The credit issue seems ease little. The GBP seems do not have much effort on rebound. In this two months, I still believe strong USD is the trend because of year end approaching. People may need USD to settle year end figure.

But in long run, as USD issued so many bonds and such great deficits. Need to be careful.

For interest to buy some gold. Try ETF GLD.

Comments

Anonymous said…
Obama announced another 8,000 billion dollars to save the US market, where do the money come from? The only way out is to turn on the printing machine to issue more as many bonds as can be, so as the European Countries as well. What is your view on such actions? Will it turn the recession into depression? Inflation or staflation?
November 26, 2008 at 4:23 PM
sparkle said…
Now the urgency is "Don't let it worse". So the priority is pile up the wood to keep the fire burn. They don't want to recession go further and deeper. There will not be in inflation but it may come to Stagflation - the economy isn't growing but prices are.
November 27, 2008 at 12:41 PM
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