Monday, March 1, 2010

sunday night readings - feb 28 2010

overnight asian markets are rallying hard
most over 1% with a few above 2%
this may fuel another move in bidu, core holding in chiu index which lagged the spx in the past week at +2.83% to +2.94%
chiu index still holding nearly an 11% cash position and looking for investments

for bidu
9-10 buy
7-0 buy weekly
9-2 sell monthly or 1-0 buy

key resistance at
r3 536.05
r2 525.63

option pricing in 548+ top over next 2 weeks
i am setting my resting areas as 490 to 540

paul

www.youtube.com/paulchiu

www.BillyChiu.com

please check out my latest short film at:
http://www.youtube.com/watch?v=IvpVFdUgu2U&hd=1

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