Weekly chart reading of US market indices

DJIA: Last week (19 Jan) I anticipated that the index would go down further since the slow STO was down cross 20 for the first time in the last three years thus it might hint the bigger downward trend was just started. This week it became true, and it has touched EMA(200) on the weekly chart.

From the chart is shows before 1 Feb: at best it can touch 12600 then go up, otherwise it will go down to 11800. On the daily chart the volume is down, but the STO is cross above 20, so a weak rebounce is still possible. On 1 Feb, the index is estimated at 12100 to 12600.

S&P 500 is similar with DJIA.

NASDAQ: On the weekly chart both the STO and volume is down so the overall trend is still downward. On the daily chart the STO is cross above 20 but volume is down, it seems in the next week the STO will be dragged down since it happened in the past. The overall trend is still down.

$CPC: last week it's topped at ~1.55 and I thought it could go even higher. The fact is it has gone down to the neutral level. I expect it goes higher the next week.

$VIX: last week I estimated that it should go even higher than 30+, no big drop yet, this week it has become true at ~37.5. I expect it goes down to about 21-23 the next week.

$USD: last week I thought it's a bullish reversal however this week it's going down. Due to the Fed rate cut I expect it goes further down.

$XJY: last week I said it's in a up trend and might eventually go to 95. Now it has reached that level and started to go down. STO has not crossed down to 80 yet, so confirmation is needed.

GLD: The price of gold is at a new high level. STO and volume is both in up trend so I expect it goes up further.

Old blog recycled

I created this blog long time ago now it has been merged with google services. Fortunately I claimed it back and linked with my gmail account. Later I will use it to write my trading notes.

Thank you, google!

I come here again

Just for fun!

Thank service center of IBM@SG

I want to buy an IBM thinkpad X31 recently, but have no idea of how to know the computer is brand new and genuine or not. So yesterday afternoon I sent an email to service center of IBM at Singapore. In this morning I got their reply. I think their work is very efficient.

Thank you, IBM!

The following is their reply:

1. How to know whether the thinkpad is brand new and genuine or not.
Check the carton box original IBM quality seal shall not be tampered

2. How to check the warranty status.
http://www-307.ibm.com/pc/support/site.wss/warranty/warranty.vm,
please keep your invoice all the time during warranty period.

3. Are all X31 covered by 3 years international customer carry-in warranty?
Yes

4. Where can I get a checklist of all items/accessories (including user's manual, CDROMs and other free offers) in the box?
Open box, the first thing you see is the checklist. There is no user manual in all IBM shippment now, all the info of the machine can be found by press blue "Access IBM" button when you are in Windows.

OK, I decide to buy IBM thinkpad in this afternoon.

My second blog is here

Some days ago I applied a user's account at SpyMac.com and posted my first blog there. Today I posted my second blog here.

Frankly say, I came here for being a test user of gmail. :-)