SAM's Blog

SPY 12 Jan 2012

2012-01-14T16:48:00.001+08:00

Before market open,

SPY TA - Channel Support and Strong Support/Resistance line at 128.50 ; ascending triangle breakout ; Next S/R level at 130
Marketwatch - Major headline news of revise unemployment claims hitting close to 400,000
Forexfactory - Bearish Economic data - retail sales : below expectation ; unemployment claims above expectation.

Sentiment : Pretty 'jing' aka swelling. Standby for bearish reaction

TOS :

Open SPY option chain to look for 2 Put contract
Set stop loss
Drew additional support/resistance lines on 1min candles chart
Added previous trading day, open, high, low, close
Remind myself on the 2 rules

Never buy the high, never short the low
Wait for confirm trend

Indeed the market reacted to the economic data, within the first 15min a trend was form and thought it could be entry for me (first blue circle). Held my click, why ? I was wary to trade the first 15 min when the market opened. While I was wary and thinking, I was too late, notice the huge red candle. [The bull climb up the stairs and Bear jump of the window]. Remind myself that there will be another opportunity.

Waited for the second opportunity (second blue circle) , once it break out the support line, I was ready to make an entry but did not get a fill. It was a clear overrun by the bears as the buyers for the PUT options does a big leap. Up my ASK price once , damn when it move down, it move real fast. [It was a psychology battle once again when the direction become so clear and you don't want to miss the opportunity - the temptation to chase the price again was challenging ] Decided to stick to the plan of chasing only once plus it's reaching the strong support of 128.50. Man I m glad that I stick to the plan as it went sideway for a period.

Somewhere around the 3rd blue circle, I thought it could be a start of a uptrend so standby my CALL option. But it just doesn't want to break above the S/R zone. Shortly after that constipation, bearish candles come into play and I switched back to PUT option. Made an entry again on the (2nd orange circle) but did not get a fill. [Everything happen for a reason - that's it for the day and closed my platform]

Ratio : 4/4

SPY 11 Jan 2012

2012-01-12T01:20:00.003+08:00

Attended WAT Coaches briefing yesterday and did not trade. Manage to keep the discipline today and do it =)

Before market open

TA on SPY - strong support at 128.50 back tracing from Aug 2011 breakout to the south; still on channel support ; ascending triangle breakout ; previous trading day isn't a real bull, got pushed up went sideway.
Marketwatch headlines - nothing major
Forexfactory - No major economic data

Sentiment : A little bearish correction to the downside

TOS :

Open SPY option chain to look for 2 Put contract
Set stop lost
Drew additional support/resistance lines on 1min candles chart
Added previous trading day, open, high, low, close
Remind myself on the 2 rules

Never buy the high, never short the low
Wait for confirm trend

Saw an opportunity for an entry at the orange circle - bearish engulfing. Buyers sudden rush. Waited for next candle to confirm. Clicked Buy and didn't get a fill. Thought of chasing the price once but it just went too fast before I can react. So chill myself and told myself that there's always another opportunity. At the same time that kind of psychology I have to manage -you know you are got the right direction and didn't get a fill and the price just went nicely along your direction.

Invited my friend [Patience]

SPY finding it's support at 128.50 zone. Prepare myself for bullish entry.

I was presented with another opportunity - blue circle. Both rules fulfilled, waited for the next candle and bang a pretty bullish one. Clicked Buy. Filled.

Checked on MACD,
On 1 min chart - MACD blue line above red (probably take a while for MACD traders to come in)
On 3 min chart - MACD start to form crossover

It climb slowly as I waited. Smaller wave make bigger wave.

Next, prepare to sell

Hit $5 profit sell 1, trail 1 for $0.05
Profit : $18 | Net P/L : Profit - Commission = $18 - ($1.25 X 2 ) X 2 contracts) = $13

Retrospect

Orange - BTO 2 contracts
Blue - STC 1 contract and trail stop 1 contract
Red - Got trail stopped

Ratio : 4/4

SPY 9 Jan 2012

2012-01-10T03:32:00.001+08:00

Before Market Open

Check Marketwatch for Headline news
TA for SPY - pretty constipated movement from Fri, support at 127 and resistance at 128.50. Diagonal Support and potential breakout of ascending triangle
Forexfactory - CAD building permit lesser than forecast

Sentiment : sideway to the upside

TOS

Open SPY option chain to look for 2 Call contract
Set stop lost
Drew additional support/resistance lines on 1min candles chart
Added previous trading day, open, high, low, close
Remind myself on the 2 rules

Never buy the high, never short the low
Wait for confirm trend

Once again another test of waiting, noticed that the shadow were pretty long on the bottom and top of candles as if telling me that there was no direction in the market.

After around 10 am (US time), if it break below the support line then lets go for a Put option, opened up the option chain and standby the put option. A few seconds later, a potential double bottom showed up. Waited for it to breakout. And yes! Saw the bullish piercing candle and clicked ! buy (orange circle).

Checked on MACD,

On 1 min chart - MACD red line enter bullish half

On 3 min chart - MACD blue line enter bullish half

Next, prepare to sell

Hit $5 profit sell 1, trail 1 for $0.05
Profit : $10 | Net P/L : Profit - Commission = $10 - ($1.25 X 2 ) X 2 contracts) = $5

Retrospect

Ratio : 3/3

SPY trade 6 Jan 2012

2012-01-07T00:13:00.001+08:00

Before Market Open

TA check on SPY, bullish candle, 127 support, resistance at 128.5
Market watch headlines - good node (payroll add 200,000)
Forexfactory - economic data good on unemployment rate + some FOMC members speak

Sentiment : Bullish

TOS

Look at option chain for 2 SPY call options
Set stop lost
Draw additional support and resistance lines on charts
Added the lines for previous day Open, High, low, Close
Prepare to buy

Almost buy after about 15 minutes, black circle, remind myself on the rules

a) Never buy the high, never short the low

b) Wait for confirm trend

After the black circle, notice that man I should have standby a put option too as it's showing a pretty good confirm down trend. [~~Trend is your friend~~ Trend is your BEST FRIEND =) from Con and GMT] On second thought it break rule (a) it's breaking day's low but still above previous day open.

Stick to the plan, Call option with a confirm up trend. Then SPY went constipated around the blue circle man waiting probably one of the hardest part in trading so true ! The candles just don't want to break above that resistance line at the same time the buyers and sellers are just reluctant to come closer. There were several moments that I wanted to buy earlier since it's near the resistance in order to be ahead of others and I manage to stick to the plan. =)

Finally the opportunity start to show, noticed the bullish candle

break above the resistance
form uptrend
jump in buyers

Clicked ! Buy -

Watched for MACD,

On 1 min chart, blue line moving into bullish half

On 3 min chart, crossover

Next, prepare to sell

Hit $5 profit sell 1, trail 1 for $0.05
Profit : $10 | Net P/L : Profit - Commission = $10 - ($1.25 X 2 ) X 2 contracts) = $5

Retrospect

How nice right ? Blue circle buy, Red circle sell.

Ratio : 2/2

SPY Trade 5 Jan 2012

2012-01-06T00:02:00.000+08:00

Before the trade,

1) Check on SPY technical, notice good support at around 126.30 ~ 126.60 zone
2) Open market watch check out any major news
3) Forexfactory to look at economic data - good node on Unemployment claims

sentiment : Bullish

TOS :
1) Get ready 2 Call options
2) Set stop lost
3) Spotted Bullish candle around 9:45 am (US time) , get ready
4)When bid and ask close in, buy
5) Wanted to buy at $4.50 but did not fill. Buyers started picking up, raise once to $4.53, filled
6) Hit $5 profit sell 1, trail 1 for $0.05
7) Profit : $10 | Net P/L : Profit - Commission = $10 - ($1.25 X 2 ) X 2 contracts) = $5

After the trade,

Rule no. 1 Never buy the high, Never short the low

Rule no. 2 Wait for confirm trend

Entry on second wave might be better.

SPY Scalp - 26 Aug 2011

2011-08-27T17:13:00.001+08:00

Budget : $1000
No. of Contract : 2
Profit Target : $20 or $0.10 per option (profit take half when option hit $0.10; trail stop $0.10)
Stop Loss : $20 or $0.20 per option

Trade #1
Profit : $25
Comm : $5
Net Profit/Loss : $20

Trade #2
Profit : $40
Comm : $5
Net Profit/Loss : -($45)

Trade #3
Profit : $39
Comm : $5
Net Profit/Loss : $34

Total Net Profit/Loss : $9

Increase Dropbox storage size

2011-08-26T10:42:00.001+08:00

I just got a pop up today from dropbox telling me that my storage space is almost reaching the limit =\ that 2.25GB i thought it will take a long while before reaching that point.

Great first problem to exercise my resourcefulness, did a google search on how to increase the space. First i remember I saw an alternative option similar to dropbox which offer 5GB space - box. But it require you to pay to enjoy the multiple sync features. Thus I m sticking with dropbox and crack my brain to find way to increase it. There's a couple of ways to do that :

1) complete the quest when you first registered. https://www.dropbox.com/gs
2) invite your friends to use dropbox (for every user register via your invite, you get 250mb; if you send the invitation to a .edu email account and they sign up you get 500mb per user - https://www.dropbox.com/edu
3) visit this link - https://www.dropbox.com/free [raised my space by almost 640MB in less than 2 minutes)

you just have to enable twitter account to use dropbox. (expanded 128mb)
allow dropbox on facebook account (expanded 128mb)
follow dropbox on twitter (expanded 128mb)
comment why you like dropbox (expanded 128mb)
tweet a post on why you like dropbox (expanded 128mb)

Alternative there another longer process of getting that additional space.
http://en.www.ali.dj/how-to-increase-the-size-of-your-dropbox-to-10gb/

PS: if you appreciate the information provided, please download dropbox via this referral link =D - http://db.tt/Inzx1vQ

Scalp on SPY - 18 Aug 2011

2011-08-18T22:31:00.003+08:00

As mentioned in the previous DMA, I m bearish. After checking out the unemployment claim data

8:30am	USD		Core CPI m/m		0.2%	0.2%	0.3%
8:30am	USD		Unemployment Claims		408K	402K	399K

the index future start to tank. Even before that Dow mini future was already down by 80 points before market open. Plus marketwatch news on Gold breaking record high again to 1819. All these lead to me getting ready for a bearish entry.

15 minutes after market open, spotted an entry

A few minutes later suddenly there's a sudden surge in volume forming a big bearish candle and my trailstop triggered shortly after. Nice profit of $390 in 14 minutes =D

Daily Market Analysis - Wednesday 17 August, 2011

2011-08-17T18:02:00.001+08:00

Tuesday 16 August, 2011 - AMC

Dow Jones Index

11,405.93 -76.97 (-0.67%)

Range 11,292.63 - 11,488.01

52 week 9,936.62 - 12,876.00

Open 11,480.48

Vol. 187.80M

NASDAQ

2,523.45 -31.75 (-1.24%)

Range 2,494.55 - 2,546.74

52 week 2,099.29 - 2,887.75

Open 2,526.48

Vol. 2.01B

S&P 500

1,192.76 -11.73(-0.97%)

Range 1,180.53 - 1,204.22

52 week 1,039.70 - 1,370.58

Open 1,204.22

Vol. 871.87M

RUSELL

704.76 -13.87 (-1.93%)

Range 698.26 - 718.59

52 week 588.58 - 868.57

Open 711.27

Vol. 0.00

Tuesday 16 August, 2011 Economic Data

Tue Aug 16	8:30am	USD	Building Permits	0.60M	0.61M	0.62M
	8:30am	USD	Housing Starts	0.60M	0.60M	0.61M
	8:30am	USD	Import Prices m/m	0.3%	0.0%	-0.6%
	9:15am	USD	Capacity Utilization Rate	77.5%	77.0%	76.9%
	9:15am	USD	Industrial Production m/m	0.9%	0.5%	0.4%

Sectors Performance

Utilities sector been performing well for the past week. It's like a contrarian indicator of the market when there's fear, people buy into one of the safe bet utilities. Thus this sector tends to do well, will it continue to do well ?

Finance sector at the bottom of the table.

Check this economic model from sam stovall

Early Recession

This is where things start to go bad for the overall economy. Consumer expectations are at their worst, industrial production is falling, interest rates are at their highest[still at 0 to 0.25 % till mid 2013], and the yield curve is flat or even inverted.[curve been flattening especially the past 2 weeks] Historically, the following sectors have found favor during these rough times:

Services (near the beginning)

Utilities

Cyclicals and transports (near the end)

Read more: http://www.investopedia.com/articles/trading/05/020305.asp#ixzz1VH1y2Xwz

PS: article that talks about economic cycle - http://www.investopedia.com/articles/trading/05/020305.asp#axzz1VH1XiHAL

What move the market

Germany and France officials offer proposals for eurozone common government, not immediate plans to address ongoing challenges
GDP data from Germany and broader eurozone disappoint
Fitch reaffirms AAA rating on US, and considers the outlook stable
Housing starts and building permits slow more than expected in July
Industrial production jumps more than expected in July

Read more: http://www.briefing.com/investor/markets/stock-market-update/#ixzz1VH5LRjmP

Commodities

Treasury Yield

Notable Earnings

Wal-Mart 2nd-quarter net up 5.7%(7:25 am ET)
TEL AVIV (MarketWatch) -- Wal-Mart Stores Inc., (WMT: news, chart, profile) the world's largest retailer, reported fiscal second-quarter net income rose 5.7% on 5.4% higher net revenue and flat same-store sales. For the quarter ended July 31, net income reached $3.8 billion from $3.6 billion. Earnings per share were $1.09 against 97 cents. Special items cut a net 3 cents a share from the latest quarter's profit, Wal-Mart said in a Tuesday statement. Net sales rose 5.5% to $108.64 billion; adding in membership fees, net revenue rose 5.4% to $109.37 billion. A survey of analysts by FactSet Research produced consensus estimates of $1.08 a share of profit on $108.1 billion of revenue. Wal-Mart's U.S. comparable-store sales fell 0.9%. For the fiscal third quarter, Wal-Mart expects continuing operations to generate profit of 95 cents to $1 a share. In the year-earlier third period, WMT earned 95 cents, including a 5-cent tax benefit. FactSet's survey is looking for 97 cents a share. For the fiscal year, Wal-Mart expects to earn $4.41 to $4.51 a share. FactSet's survey is eyeing $4.46. (Adds outlook.)

Home Depot net beats estimate; outlook raised(6:19 am ET)
TEL AVIV (MarketWatch) -- Home Depot Inc., (HD: news, chart, profile) the Atlanta home-improvement chain, reported fiscal-second-quarter net income rose 14% on 4.2% higher net sales and 4.3% higher comparable-store sales. For the quarter ended July 31, profit reached $1.36 billion from $1.19 billion in the year-earlier period. Earnings per share were 86 cents against 72 cents. Shares outstanding fell 5.2% to 1.58 billion. Sales rose to $20.23 billion from $19.41 billion. A survey of analysts by FactSet Research produced a consensus estimate of profit of 83 cents a share on revenue of $19.97 billion. The company raised its outlook for the year and now expects continuing operations to generate profit of $2.34 a share. FactSet's survey is looking for $2.30.

Technical Updates

Wednesday 17 August, 2011 BMO

Wednesday 17 August, 2011 Economic Data

Wed Aug 17	8:30am	USD	PPI m/m	0.0%	-0.4%
	8:30am	USD	Core PPI m/m	0.2%	0.3%
	10:30am	USD	Crude Oil Inventories	-0.4M	-5.2M

What Does Producer Price Index - PPI Mean?
A family of indexes that measures the average change in selling prices received by domestic producers of goods and services over time. PPIs measure price change from the perspective of the seller.

Read more: http://www.investopedia.com/terms/p/ppi.asp#ixzz1VHI9Inzi

News

The leaders of France and Germany called Tuesday for greater economic discipline and unity among European nations but declined to take immediate financial measures seen by many investors as the only way to halt the continent's spiraling debt crisis.

Dell cuts guidance, showing industry uncertainty

Earnings

The blended earnings growth rate for the S&P 500 for 2Q 2011, combining actual numbers for companies that have reported, and estimates for companies yet to report slightly rose to 11.9% from 11.8% in the previous day. As of April 1st, the earnings growth rate was at 13.3%.
Of the 466 (93%) S&P 500 companies who have reported 2Q earnings, 71% beat estimates, 9% were in-line, and 20% were below estimates. The estimated earnings growth rate for the S&P 500 for 3Q 2011 is currently at 15.7%. (Data provided by Thomson Reuters)

Almanac

-No statistics

Summary

-I m still bearish on long term. Just saw an video from Walter Zimmermann, United-ICAP chief technical analyst saying we could possibly see S&P500 hit 570 !!! I think it might be bad but not that bad ouch, that half of current S&P level. According to him, we could be in a repeat of 2007 to 2009.

On technical, SPX seem to hit Fibonacci of 61.8% (slightly over but if you use body to body candle its exactly at 61.8%). Also there a resistance level at 1204

Plus my wall street bull drop off from my vision board this morning [everything happen for a reason ^_^]

Market Direction : Down

Accuracy : (11/16)

Daily Market Analysis - Monday 15 August, 2011

2011-08-15T17:35:00.002+08:00

Friday 12 August, 2011 - AMC

Friday 12 August, 2011 Economic Data

Fri Aug 12	8:30am	USD	Core Retail Sales m/m	0.5%	0.2%	0.2%
	8:30am	USD	Retail Sales m/m	0.5%	0.4%	0.3%
	9:55am	USD	Prelim UoM Consumer Sentiment	54.9	63.2	63.7
	9:55am	USD	Prelim UoM Inflation Expectations	3.4%		3.4%
	10:00am	USD	Business Inventories m/m	0.3%	0.6%	0.9%
	10:00am	USD	FOMC Member Dudley Speaks

Sectors Performance

What move the market

Consumer sentiment makes surprisingly sharp drop

Retail sales pick up from prior month -- sales less autos exceed expectations

Europe's bourses bounce; several countries in the continent impose short-selling bans

Commodities

ENERGY FUTURES

CRUDE OIL

85.32

-0.06

-0.07%

NATURAL GAS

4.012

-0.048

-1.18%

RBOB GASOLINE

2.8234

0.0012

+0.04%

BRENT CRUDE

108.18

0.15

+0.14%

METAL FUTURES

GOLD

1743.60

1.00

+0.06%

SILVER

38.97

-0.144

-0.37%

COPPER

4.0495

0.0375

+0.93%

PLATINUM

1798.50

1.80

+0.1%

AGRICULTURE FUTURES

WHEAT

708.25

5.75

+0.82%

SOYBEAN

1344.25

9.50

+0.71%

CORN

718.75

4.25

+0.59%

SUGAR

27.84

---

UNCH

COFFEE

240.35

---

UNCH

COTTON

101.21

0.69

+0.69%

ROUGH RICE

17.045

0.235

+1.4%

ETHANOL

2.785

---

UNCH

Treasury Yield

INTEREST RATE FUTURES

TREASURY BOND

136.50

-0.4375

-0.32%

10-YR NOTE

129.5781

-0.2969

-0.23%

2-YR NOTE

110.2969

-0.0156

-0.01%

EURODOLLAR

99.48

0.01

+0.01%

Notable Earnings

Newcrest Mining fiscal year profit jumps 63%(7:29 pm ET) SYDNEY (MarketWatch) -- Gold mining firm Newcrest Mining Ltd. (AU:NCM: news, chart, profile) [s; ncmgf] said Monday that its fiscal-year statutory profit rose 63% to 908 million Australian dollars, from A$557 million in the year-ago period. Underlying profit rose 36% to A$1.06 billion, compared to the A$1.05 billion expected by analysts surveyed in a Dow Jones Newswires poll. Revenue rose 46% to A$4.1 billion, with gold sales up 60% at A$3.4 billion and silver sales up 129% at A$55 million. Copper sales decreased 2% to A$638 million. Gold production rose 43% to 2.53 million ounces in the year and the firm said that it expects fiscal 2012 gold production in a range of 2.78 million ounces to 2.93 million ounces.
Friday, Aug. 12
DeVry shares sink 16% as student enrollment lags(10:16 am ET) SAN FRANCISCO (MarketWatch) -- DeVry (DR: news, chart, profile) shares sank 16% to $45 in early Friday trades after the for-profit education provider warned new student enrollment is lagging. The stock was the biggest decliner among S&P 500 companies. DeVry said late Thursday its total enrollment fell 1.2% to 119,000 students. Shares of other education companies also fell Friday. Strayer Education (STRA: news, chart, profile) dropped 5% to $100.12. ITT Educational Services (ESI: news, chart, profile) lost 5% to $72.70. Apollo Group (APOL: news,chart, profile) , parent of University of Phoenix, slipped 2% to $44.
Nvidia leads early tech gains(9:46 am ET) SAN FRANCISCO (MarketWatch) -- Shares of Nvidia Corp. led early gains in the tech sector on Friday morning, helped along by a broad-market boost that added 100 points to the battered Dow Jones Industrial Average (DJIA: news, chart, profile) after the opening bell. Nvidia (NVDA: news,chart, profile) shares jumped more than 5% to $14.15 after the chip-maker posted better-than-expected results for its second fiscal quarter, along with a revenue outlook for the current period that was slightly ahead of forecasts. The Nasdaq Composite Index (COMP: news, chart, profile) was up 0.5% to 2,504 while the Morgan Stanley High-Tech Index rose 0.5% and the Philadelphia Semiconductor Index (SOXX: news, chart, profile) rose 0.3%.
Energy stocks rise out of the gate(9:41 am ET) NEW YORK (MarketWatch) -- Energy stocks rose Friday to finish out a choppy week of big swings. The NYSE Arca Oil Index (XX:XOI: news, chart, profile) rose 1.4%, the NYSE Arca Natural Gas Index (XX:XNG: news, chart, profile) rose 1.3% and the Philadelphia Oil Service Index ($OSX: news, chart, profile) rose 1.6%.
Newell Rubbermaid buying back $300 in stock(7:47 am ET) NEW YORK (MarketWatch) -- Newell Rubbermaid Inc. (NWL: news, chart, profile) said Friday it approved a $300 million stock buyback. The program is authorized to run through August, 2014.

Technical Updates

Monday 15 August, 2011 BMO

Monday 15 August, 2011 Economic Data

Mon Aug 15	8:30am	USD	Empire State Manufacturing Index	0.8	-3.8
	9:00am	USD	TIC Long-Term Purchases	30.4B	23.6B
	10:00am	USD	NAHB Housing Market Index	15	15

TIC explained : TIC Long-Term Purchases

Difference in value between long-term foreign securities purchased and domestic long-term securities purchased by foreigners. This data represents the balance of domestic and foreign investment - for example, if foreigners purchased $100 billion in US stocks and bonds, and the US purchased $30 billion in foreign stocks and bonds, the net value would be $70 billion. The market impact tends to be significant but varies from month to month.

News

NEW YORK (TheStreet) -- Time Warner Cable(TWC) Inc. (TWC), is in advanced talks to buy Insight Communications for about $3 billion, Bloomberg reported.

LOS ANGELES (MarketWatch) — Exactly 40 years ago Monday, the U.S. dollar formally became a fiat currency, as then-President Richard Nixon “closed the gold window” and ended the greenback’s precious-metal guarantee.

Transocean Bids $1.43 Billion for Aker Drilling

World Bank Chief Warns of New Danger Zone for Markets

World Repeating Japan's 1997 Mistake: Former Fed Economist

Earnings

Almanac

Summary

Well last friday, we saw a little upside but it's was damn tough, i was waiting by the last trading hours to look for an opportunity but the market lack strength and direction.

I was watching a financial program last night and some of the speaker/analyst remains think that the market will make a return and some re-literate that possibility of a double dip recession can happen. But overall sentiment still giving positive lights to the viewers i think.

Now lets look at what's actually happening, with the US debt and Euro crisis (it seem like all of them are in endless cycle of debt). To put it simple, ie a person Brad has a debt of $100,000 people thought that in a couple of year time he's able to pay off the debt but when the couple of years is up, he need to borrow more debt to sustain his lifestyle. After numerous discussion he somehow manage to convince the lender to lend more debt. He failed to repay the first debt, and now he's asking for a increase in debt, if your the lender would you lend him your money ? what's your confidence ?

Perhaps its a human psychology to ease the short term pain and ignore the chronic problem. Or how many actually sees the chronic problem.

In summary, on the long run I remain bearish.

Well there also another group which think its a market correction which we see over the last 2 weeks and its time to buy the market low to make some good profits. Buying the dips ? Is the market at it's low already ? From statistics, Aug and Sep (tends to be the worst mth).

The TIC data probably be good today as people are buying in safe haven bonds with the volatile market performance.

Market Direction : Up

Accuracy : (10/15)

Pattern here on $DJI ?

2011-08-09T21:19:00.005+08:00

My mentor conrad, mentioned comparing the index chart of 2010 and 2011. Here's one of the pattern which is quite identical

End Jul 2010 $DJI tank from 10,600 to 9,600 (abt -1,000 pts)and now in 2011 First week of Aug, $DJI tank from 12,750 to yesterday 8 Aug 10,800 (another 50 pts to reach -2000 pts)