
Likes ReceivedI just checked the earnings reports for Apple and Amazon; the capital's ability to set traps is very strong.
Those who cut their losses on Amazon are all fools, and those who chased the rally on Apple are also fools.
The cloud giant is still sprinting towards AI. This rebound is intentional, aimed at harvesting most Korean retail investors (as well as US stock retail investors trapped in positions, forcing them to hand over their chips), and short covering (harvesting shorts who couldn't get out in time).
A large number of people were margin-called yesterday, and many cut their losses due to fear.
In yesterday's post, I also believed that the market's negative news had been fully priced in. Storage needs time to digest this; please remain calm. I hope those who listened don't cut their losses at least.
I have blocked a few types of people who hinder your ability to make money:
1.顺风股神 (Wind-following Stock Gods): A good friend or KOL should dare to face reality during a sharp drop, analyze the reasons for the decline, make operational decisions and suggestions, provide specific price levels and strategies. Fear and loss are part of trading, but avoidance is not.
This point is especially important. Mature investors should remind themselves and their friends to avoid risks when the market is most 狂热 (frenzied), and also dare to remind others of potential rebounds and short squeezes when the market is most pessimistic. There will be several 'Miracle Days' or rebound days every year.
2. Two-faced individuals
Turning into bears suddenly during a big drop, and turning into bulls suddenly during a big rise. This is also why I didn't short at all during this round of decline in July, and I advised others not to short either. I can choose not to play, but I won't short, because you will lose twice.
I block such people mainly because their trading emotions are unstable and they change frequently, which can mislead others.
For my own operations, I will add to or reduce my position in storage stocks based on breakouts at key levels, and trade SOXL for short-term gains.
I originally decided to post less frequently because I felt a severe market downturn was coming, so I chose to rest and observe.
I started posting frequently again because I thought it might be too severe, and many people might not be able to withstand the losses, so I provided key price levels and specific strategies.
With a big rebound, there are more 'Wind-following Stock Gods' again, so I can continue to rest peacefully.
3. Market Outlook
The expectation before this 'Miracle Day' was for next week, which came earlier than I thought. Currently, there is a possibility of it becoming a bottom. This needs to be verified through resistance levels (if it fails to pass, it is considered an oversold rebound).
Specifically regarding price levels:
For SK Hynix, I previously thought the bottom was 1.5 million KRW. After breaking below, I saw it going down to 1.19 million KRW. There is hope that leverage will be mostly wiped out around 1.24 million KRW. 1.24 million KRW should be the short-term bottom. I currently hold 2x leveraged SK Hynix ETFs and will look to add to my position tomorrow depending on the situation.
For SK Hynix US ADRs, I mentioned a range of 120-190 in yesterday's post, and it will likely oscillate within this range in the future.
For SNDK, the earliest major resistance was 1900, the bull/bear dividing line, with two support levels at 1450-1189. It broke through, going down to 990. So we still look at resistance levels at 1450/1750/1900, testing each one by one.
For MU, the initial support bottom was considered to be 750/850. After being broken one by one, the low was around 710. So we will look at the upper levels of 850-950-1050, examining breakthroughs and resistance at these three key positions one by one.
I am a small retail investor. I believe the reliable way to operate is to guide actions based on breakouts or rejections at important levels, using quantitative analysis instead of qualitative, prioritizing strategy and discipline over emotion.
For storage stocks, if pressure levels are broken and stabilized, I suggest adding to the position once; otherwise, reduce the position and leave. I bought back SOXL... temporarily for short-term trading. If it doesn't work out, I'll exit; if there's a crash, I'll add more.
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