Just to start off with a little reflection..

I admit my last market bet went wrong. For the full disastrous speculation you can read it here.  But to surmise, I was overly optimistic thinking that the market will in the short run, shrug off the news about the interest rates hike and run up somemore. I also did not do enough research and was presumptuous about there being no major news being released for the quarter, specifically, i did not foresee Bernake making that horrendous speech.

Anyway, economic results released lately have fallen short of expectation and markets have ironically gone up with expectation that the QE will continue for a longer period. However, i'll wait and see if the recent rise is sustainable. I have my suspicious it won't unless there is a clear move above the strong resistance at 3235.

A few days back i started a ...