It sets to be a flat to negative day to me. Nikkei opened flat after overnight negative DJ. I am not optimistic about this opening. It shows to me the weakness of buyers. It is either no buying stay aside or sell. Looking at daily chart of SIMSCI , so far so good, downtrend is still intact. There was not downtrend channel violation at all.

So far, first hour trading sets a negative tone. I am looking for price setup for short selling.

[photopress:simsci_120min_full_day.jpg,full,pp_image]

What a boring day. Again, short stop order was not triggered and SIMSCI indeed made a new day high. I have canceled my order and called it a day. With Nikkei lost about -300 points, it seems to be not enough to pull SIMSCI down. All pattern failed to form sucessfully. There might be opportunity to Long SIMSCI, however, with still negative Nikkei and HangSeng, it is risky to trade against the sentiment today. No trade for today. 0 gain.

It is very interesting to see SIMSCI opened low and moved higher in the first 45 minutes. It looks slightly positive. The drop was obviously contributed by reddish overnight DJ. It is an ambiguous situation now. SIMSCI refused to deep further. I would consider a long position or staying aside (no trade). There is a positve movement in SIMSCI, however, under performed HangSeng and Nikkei hold me down from establishing a Long position. I do not like to see -200 point loss in HangSeng and Nikkei yet, I am Long SIMSCI. I would prefer to observe further.