13-12-07 : A quiet morning in BB McD as S&P500 reached double top in 10 yrs chart

Morning in McD Bukit Bintang is quiet. not many ppl at the upstairs. The Old Aunty is still there. I guess she comes everyday. Does she work? Why she needs to wake up so early? does she need to work ? Its a wonder.

I ordered small coffee and hash brown. Its $5. If i order Bubur McD with large coffee and hash brown, its $6.50. I felt cheated. I made a wrong decision. I dont have bubur to eat. So sad.

S&P500 10yr chart reveals a double top. So has US DJ and S&P peaked? Have the heavy weighted stocks peaked?

S&P 500 10 yr chart
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13-12-07 : RIMM still bearish

Last nite RIMM is bearish. RIMM is our put trade. However, $100 stil holds in the end. THus I change the target to put to below $98.

Even though $100 holds, but the box is now 98-100, no longer 100-106. I see this as potential weakness to drop further. Thus call is not advisable.

For put, our original plan is to buy the Jan08 $100 put @ $11. Now the put is $10. It dropped $1. The closing on Tues is $98. The closing last nite is $100. Thus price essentially up $2, and put option drops $1. Delta of 0.50. Fair enough.

Can we interpret this small price movement as Break 100 down to 98, back to 100, then down again to $90?? Is this a small small rebound?

If I am right, then tonite we will see RIMM down further.

15min chart
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13-12-07 : All trades tak jadi

Last nite is a non trending night, with most of my stocks not active.

Thus at 12am when seeing nothing has moved much, I quit thinking of something to buy.

Its just not a night to trade. So i slept.