Live Update

Thursday, July 9, 2009

07/09/2009 Market Recap: No Title

Summary:

No clue tomorrow.

  Trend Momentum Comments - Sample for using the trend table.
Long-term Down   Idea for trading intermediate-term under primary down trend.
Intermediate Down Neutral  
Short-term Down Neutral  

The rebound today was much weaker than I’d expected. We can use 7.2.0 Small Body Bar Trading Rule as an example to see what’d happen after a small body bar formed like today. Well, it doesn’t tell much about tomorrow does it? So I have no clue tomorrow.

SmallBarTradingRule

1.1.3 QQQQ Short-term Trading Signals, the NAADV at bottom is oversold so QQQQ has better chances of further rebound tomorrow.

QQQQShortTerm

7.6.1 SPX Cycle Watch (60 min), I’ve mentioned a 7 trading day cycle in After Bell Quick Summary. This is a longer history chart which we can clear see that every time the blue cycle line was hit the market changed directions. Now the market hit the blue line again and since we had an up day today, so it could mean a down day tomorrow.

SPXCycleWatch60min

7.6.0 SPX Cycle Watch (Daily), just for your info, from daily cycle, we’re within a turning date as well, no idea up or down though.

SPXCycleWatchDaily

Posted by Cobra at 9:32 PM

3 comments:

  1. AnonymousJuly 9, 2009 at 10:32 PM

    Is today misdirection day prior to opex? The rule last time was that today's direction will be the opposite of opex week.

    ReplyDelete
  2. ShankyJuly 10, 2009 at 2:28 AM

    Thanks buddy! I don't like it when you have "no clue". I came here to get one. I expected pop today as well.

    Shanky

    ReplyDelete
  3. CobraJuly 10, 2009 at 9:12 AM

    Yes, Anon, thanks, you're right, next week will be a down week statistically.

    ReplyDelete

Subscribe to: Post Comments (Atom)

Disclaimer

The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.