Mar 28: STP

Mar 28: IBM and MSFT

It seems they are doing well and will bounce back tomorrow.

Mar 28: 60-min chart reading

Now we have a short term up channel. In the next few days $SPX may go up from 1320 to 1360. If it doesn't bounce back from 1320, the previous down channel may be back in control and we will see a new low.


Same as $SPX. On Mar 28 DIA should go up, otherwise we will see 122->120 again.


Let's see tomorrow if XLF bounces back. If it doesn't my SKF will reach the target earlier than expected.


APOL will go down.


I think CMP will go down to 56. The gap at 47 will eventually be filled.


RMBS will go up.

Summary of following HH's swing trading plan

I paid $88 and followed a famous trader's swing trading plan for two months since 25 Jan 2008. It was unfortunate that my account suffered a big loss because of unhedged highly risk option trading. Here are the summary of picks that I tracked.

1. DRYS: entry 64-66; now 61.25. 88.49 was close to T1=89, good.
2. GRMN: entry 63-64; now 62.38. T1=81.25 (downgraded from 82 on 5Feb) never reached.
3. YHOO: entry < 19; T2=26.7 reached, good.
4. HOLX: entry ???; now 58.37. T1=70.68 never reached.
5. MON: entry ???; now 104.26. high=123.8. ok.
6. AAPL: entry < 131; now 139.53. T1=155 never reached.
7. DIA: entry 123-124, lifted to 125-126 on 2 Feb; now 125.34. T1=128.75 never reached.
8. SPY: entry 135-136, lifted to 136-137 on 2 Feb; now 134.72. T1=141.45 never reached.
9. CMG: entry 106-108; now 114.8. T1=122 never reached. ok.
10. ISRG (short): entry 294-297; now 327.24, T1=255 never reached. fair. closed.
11. EDU: entry 56.5-57 (2Feb); now 65.88. T1=63 reached, good.
12. BIDU: entry 259-263; closed at 240. T1=316 never reached.
13. STP: entry ???; now 34.45. Gap down.
14. GOOG: entry 510???; now 460.56. Gap down, T1=585(downgraded from 606 on 5Feb) never reached.
15. FSLR: entry 177-180; closed at 209.5. T1=213 reached, good.
16. GG (short): entry 37.23-38; stopped out at 34.xx. T1=32.34 never reached, fair.

* GLD (short): entry 88-89.5, now 90.10, T1=82.88 never reached.
* GDX (short): entry 47.5-49.5, now 46.97, T1=44 never reached.
* TOL (short): entry 23.5-24, now 24.18, T1=??, good.
* AMZN: entry 72.5-74.5, now 75.95, T1=81 never reached.
* RIMM: entry 87-91, now 111.83, T1=103 reached, good.
* DRYS (short): entry 91-94, now 61.25, T2=70.8 reached. good.
* GS: entry 175-179, now 178.88, T1=196 never reached.
* FSLR (new long): entry 208-216, now 209.5, T1=283 never reached.
* AIG: entry 45-46, now 46.11, T1=53.9 never reached.
* FFIV: entry 22.5-23.8, now 20.04, T1=28 never reached.
* ISRG: entry 288-295, now 327.24, T1=336 never reached.

Mar 23: Weekly chart reading