Permagnus.com

After 277 point down, the market swing at us with full force to close higher. So where actually are we? There’s no positive news yesterday so I believe that the rally is still based on technical factors (bottom fishing everyone?) in which does not justify a sustainable moves. (NCTY is not a very smart move, [...]

Not much trading ideas right now unless Dow Jones can trade above the resistance line that I’ve drew for the last couple of days. Asia is mostly green and so does Europe at the time of this writing (around 4 AM EST). There will be two scenario, Dow Jones opened up above 13100 line and [...]

On Monday we see a very nervous session with Dow Jones trading on a very narrow channel early session. Dow even managed to break down that channel as far as 12982ish although closed up 40+ points. The market, through this chart below, told us that the fed discount rate isn’t exactly the cure that they [...]

Refer to this chart below (click to enlarge) that I made several days ago before The Fed’s announcement on discount-window interest rate cut.

However, after The Fed’s announcement, we can see a very big rebound which succeed a long doji the day before (my guess is, the news might already leaked and some smart money [...]

Okay maybe I was wrong about the whole bearish season, Dow Jones gap up today which is actually nice for me (I hold portfolio on some bluechip stocks). But this means my previous post is deadly wrong. We might not be out of the woods yet. In the last five trading days, there’s 4 down [...]

Look at how erratic March 5th session is:

It is indeed ‘erratic’ in which Dow Jones almost looked like that it will close in the green before plunging near the end of the session to close almost -64 points. However, the word ‘erratic’ here to attribute the fight between the bull and the bear that isn’t [...]

Seeing how Dow Jones moves last night might cause nausea for some people. After gapping down, Dow bounces back up above yesterday’s closing in what seems to be a real bounce that the Dow will close above yesterday’s close price. But alas, during the later session the movement is quite sluggish and close down 34 [...]

I have to say that today’s global rally is mostly caused by Bernake’s statement that The Fed rate hike is closing to an end. Yesterday’s closing for Dow is almost plus 200 points, and for the rest of Asia? You can read it for your self.

A weird thing about Nikkei is that now they already [...]

When I first studied how to analyse stock, I was told to see everything with helicopter view. Going from top to bottom. From the big pictures to the details. That advise seems to be working all the time (at least for me). I was once read a line from a great trader that goes like [...]