The Bulls' "Midnight Cock Crow" Farce Comes to an End

2008/4/21 15:09:38

Clearly, Friday's invasion pressing up against 3000 points put enough pressure on the regulators. But the current administration has a touch of Grandet about them—treating the meager goods in their pockets like treasures, always trying to dismiss the market at minimum cost. Thus, a farce with the least substance but the most over-packaged "midnight cock crow" staging was performed.

To this, this ID is truly speechless. Dear sirs, why must you always underestimate the market's intelligence? Everyone in the market can count what's in your pockets with their fingernails—what's the point of being coy about it?

It's not that the market won't give the regulators face—rather, excessive self-importance deserves to be mocked.

Of course, since the regulators are already feeling some pressure, the possibility of them throwing some combination punches cannot be ruled out. Therefore, excessive shorting now carries risk, and the "race to the bottom" game on the downside should also be treated with caution.

The market is all about psychology. No matter who the opponent is, once you see through them, operating up and down becomes effortless.

Technically, from a short-term perspective, today actually churned out a small bottom fractal. Whether it holds depends on the 3189 point level.

Operations are two-sided: you can buy first then sell, sell first then buy, or sell then buy then sell again. The key is to trade based on the chart, not on your own emotions.

Also, you absolutely must watch whether a leading sector emerges on the board. Without one—like today—there's definitely no show.

Heading off now. Goodbye.