Did the Nikkei Really Move 500 Points In A Week?

I wasn't even really paying attention... and I'm wondering if it'll ever move back up above 10,000, which would be the strongest indicator that the recovery is really here to stay. It keeps testing just above 10,000, which has proven to be very strong resistance so far. I'm looking for this level slightly above 9200 on the one-year Nikkei to hold as horizontal support coinciding with the previous W bottom formation as the ultimate buy signal.


I think tomorrow's unemployment numbers will either propel us forward or push us back (duh!). If we've got NFP job creation going on and also receive an indication that unemployment claims are decreasing, that will be the final straw to break the bears' paws. So far this week, most numbers are failing to live up to expectations, so will unemployment be any different? I hope so! For the sake of my sanity... and my portfolio... and yes, here I go again, my future financial well-being.











Today was one painful day for my portfolio and the bears definitely got the last Bwahaha. I'm trying not to take it too personally. If I didn't study this week's data announcement lineup carefully yesterday, I'd be wondering if I should be selling along with the crowd. Now I'll take the wait and see approach and hope that we'll end up with some trend on trend tomorrow. If I step on the brakes now, I could be killing a trend.



-1.90% on the SBA
-1.32% on the Roth IRA


This, together with my recollection of a time when I thought gold could be a good sell as well as the Sultan's lacklustre economic performance, makes me feel slightly more bimbo than usual.


Interestingly, in a recent marketing webinar that I was watching, some guy was mentioning that during the gold rush, one of the richest men during the era was not someone who was digging for gold, but one who was selling the shovels.

That gave me a new investing idea to research companies that are based in sectors that service the sectors that are in play. I may still be able to buy them very close to their 52WLs, which makes the risk:reward very tempting. Don't go buying any tops! If you're going to buy, at least buy in undervalued sectors...