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Wednesday, June 3, 2009

06/03/2009 After Bell Quick Summary

OK, I’ll try this “quick summary” as I usually adjust my positions in AH trading.

I don’t see much edge tomorrow either bulls or bears.

The last half hour surge usually means a gap up tomorrow, but since SPY still has 7 unfilled gaps, I doubt if the up gap tomorrow could hold or not, so in another word: no edges in buying or selling AH.

SPY60min

More in tonight’s report. Cheers!

Posted by Cobra at 5:26 PM

7 comments:

  1. TusharJune 3, 2009 at 5:41 PM

    Cobra: We have three star doji bearish on XLF and fourth day today it is closed lower. What do we make out of it and is there any significance to this pattern you are seeing?

    ReplyDelete
  2. CobraJune 3, 2009 at 5:42 PM

    XLF chart doesn't tell me much today.

    ReplyDelete
  3. Pivot TrendJune 3, 2009 at 5:59 PM

    Hehe, I also made a quick summary today. see http://foxswing.blogspot.com/

    ReplyDelete
  4. $$$June 3, 2009 at 10:07 PM

    I will click an ad every time I read one of these reports. This is what I've always wanted -- AH opinions that I can act on! LOL.

    ReplyDelete
  5. AnonymousJune 3, 2009 at 10:42 PM

    This is my take for the next 3 years. If we turn to a bull, spy will be only 15% max per year and could be just 7% per year if dollar devalues(check 2002-2006 for reference).

    EW

    ReplyDelete
  6. EricJune 3, 2009 at 10:56 PM

    bulls bulls bulls..

    it couldn't possibly be a intermediat top...

    we are going to the moon right? Reflation, decoupling, dollar is dead.....

    I think I've heard this story before.

    ReplyDelete
  7. PstrusiJune 4, 2009 at 8:35 AM

    Thanks for sharing thoughts.
    http://cyclicmarket.blogspot.com/

    ReplyDelete

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