Wednesday, July 9, 2008

1Best Signals 080709


QQQQ

The last market call was on 6/6/2008 reversal.

During the earning report month with the current market sentiment, it does not make sense
To reason with markets.

As of 7/9/2008 close, the short side is closed. With extreme negative sentiment and high short position, it is a waste time and effort to reason with markets.

Therefore, it is better not to waste of time until we have better market condition after earning report month.


SPX

7/9/2008, the short side is closed. Even though I was looking for RST reversal formation, it is a waste time and effort in this market condition. Last market call for SPX was on 5/22/2008 reversal call (ref # 8391).

With extreme negative sentiment and high short position, it is a waste time and effort to reason with markets. Therefore, it is better not to waste of time and effort until we have better market condition after earning report month.

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