Sunday, October 26, 2008

Test Support - Possible break next week


As the global markets fear the "R"ecession, the stock market went lower closed the lowest since 2003, thought the Dow Jones intraday lowest point (8187.43) is still higher than the one on Oct 10 (7773.71), but lower than the previous intraday low (8197.67) on Oct16. The market may continue to decline, test the support at 8000 , then 7773. If the support been broke, the market will start another free fall again, then we may see another bottom though not necessary the last one.


Friday's Trade:
Covered AAPL $93.59
Sold half EEV @193.00

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