Rollover time for Dow Futures Expiry,market being fooled.

The Dow Jones Index Futures contract expires every third(3rd) Friday of the month.Remember this in your trading diary.During this time,security equity futures,options,treasury and interest rates option classes ceases trading.For this month will be on the 16th Friday which happens to be the middle (PIVOT) of the month.

At the beginning of the month after the announcement of Fed's rate cut,the market started to tumbled.Prior to the announcement,everyone were very bullish but the big boys have Sell-On-News.Thereafter they started to inject whatever bad-news that were in their stock-library to shoot down the market

Since this month November lies in the middle of the last quarter of the year end,it is normal for a year end window-dressing where most indices be it in the US or other parts of the world will tend to pulldown from their high to a certain Pivot point of their indices and vice-versa.

Now their action of causing panic with their cruel news has benefited them to corner cheap stocks again.A fantastic agenda so the musical chair game goes on.

The other day I was on a long position in my index futures and I was caught offguard also and is now out-of-the money.What I did on many instances is to wait past the middle of the month (Pivot Day)where the prices will normally tend to retrace again.

Tracking NIKKEI225

The Nikkei opens GAP-DOWN 206.05 points today.=15,377.37(Prev:13,583.42).It closes DOWN 386.33 points at 15,197.09.Looking at the One year chart,seems that all the bullishness have been wiped of completely.The strong Yen at 109.00/USD also affects its glitter.

Tracking SHANGHAI
"The Great Wall of China" building is temporary halted due to the onslaught of the winter seasonIt's pretty strong and resilient and will be held above the bullish pivot point.No way it can pullback to MAV. It opens GAP-DOWN 133.79 points to 5,181.75.Closes at 5,187.735 DOWN 127.805

Tracking Hang Seng Index
Opens GAP-DOWN 721.96 points to 28,061.459(Previous:28,783.41)

Closes DOWN 1,117.68 points to 27,665.73 (-3.88%)Fanstatic Swing.Wow!if I trade Index futures here on wrong side I'm goin' to lose my pants.Hong Kong is able to withstand the financial shock and able to hold above the Bull Pivot.

Tracking Bombay-SENSEX

Wow!another GAP-Down of 646.88 points to 18,412.05 (previous:19,058.93)It closes at 18,737.27 Down 321.66points.

Another emerging market of great potential.Any technical correction will be within the MAV to bull pivot zone so no fear.