EFUT

All my positions went down today. TASR was down by more than 4%, but still looks okay to hold. CTRP was holding well almost throughout the whole day except the last hour, it went back down to end negatively...... CEDC as well couldn't hold an early gain and retreated even earlier than CTRP. as i said in my last post; too bad i missed EDU as it advanced to a new high today. If i have got into it at $61.75 as i tried last Thursday, i should be sitting at almost a 10% gain.....

when market drops, i don't mind seeing the stocks drop with the market, but a strong stock should:

1. drop relatively less than the market (that could depends on things like beta in CAPM)
2. have volume of the dropping day relatively lower than an averaged up-day
3. drop but still stays above the 20-day EMA (well, i only consider a stock as strong if it stays above the 20-day, 50-day, 100-day and 200-day EMA, one above each other)
4. drop slower than the market

Before the end of today i got into EFUT (Efuture), one of the China hype these days. This is also a test to my own method of timing the risky hype over a short time interval. i think it holds around $15 pretty well and i want to give my method a try. i did try to develop this method quite a while ago so this is actually not the first time i see pattern demonstrated like EFUT. i am not holding the post for long, win or lose, just wondering should i hold it over the weekend if it is not moving tomorrow and Friday.......

We'll see.