Monthly Archives: June 2003
Reversal?
Mixed Day
DOW closed higher @ 9,062.79 with intraday high of 9,215.88 while NASDAQ was trending down all day to 1,627.42 (-18.59).
Gain on shorts and loss on longs.
Long 20 QQQ June 30 Call @.90 over the weekend.
DOW Over 9000
DOW crossed over 9000 yesterday and today. The weekly chart shows it’s right at the prior high in August of 2002.
The daily chart shows a dragon-fly doji today, a reversal pattern.
However, NASDAQ continues to move higher strongly.
Waiting for setup to put money in …
June 4, 1989
On June 4, 1989, the Chinese government brutally crashed the student-led democracy movement by military force.
The days and nights of month-long hunger strike and following days during the martial law are still vivid in mind.
The ambulances … directing the traffics and guarding the life lines along the Changan street …
The low flying military helicopters … blocking the subway stations … the buses with flat tires sitting in front of subway entrances … the rumors that the troops are in the subway tunnels …
The AK-47 automatic gun-shots heard from all directions and tracers seen in the sky … the tanks and APCs speeding from many directions … the fires in many places … the waves of moving troops from the darkness behind the large buildings along the Tiananmen Square …
The PLA assault team raiding the monument in the center of the Tiananmen Square where we stayed until early morning on June 4 … the tanks crashing into the camps …
The long withdraw back to the campus … the deaths of fellow students … the silent rainny nights except hearing gun fires from distance … sitting on the roof top at Tsinghua …
The hopelessness … the angers …
…
May the fallen heros rest in peace!