Market Summary on Nov.10th.2009

Bought PQ at $6.50/share due to daily chart and weekly chart good.

Daily chart 已经划好了半圆弧形，应该向8.00元上涨。

Waveplayer recommended this stock. He bought PQ at $6.48 as planed, set STOP at $6.21.

Tomorrow the market should be up due to the following reasons.

1. [WP]DOW had a new high. This setup is intend to take out 1100 tomorrow.
2. [WP]AAPL, AMZN and GOOG are all strong, SPX may close at HOD. Now it above its Pivot point which is bullish.
3. [QJ] Oil closed 79+ 1 point pump in 30 minutes, this mkt is just pure manupulation
now it not difficult to close the day green. Tomorrow is holiday, volume will be low and more easy to manipulate mkt for fast moves between support and hew high.
4. [QJ] The rest of the year spx will be trading 1060-1120, there will be selling programs running above 1100 and buying programs running around 1060-1070. However,we will see 1-3 days down days to 1060-1070 and we will see 1100+ days ahead.

Since the market might reach double top at spx around 1100, I would not simply "buy dip and hold". Instead, what I will do is to buy low and sell high and take profit quick enough. While approaching to top, market swings harder, and all you need is to catch the ride on either side. Do not do buy&HOLD. One lesson today was that I should sell JASO at $4.50 and buy back later.