Wednesday, August 12, 2009

08/12/2009 After Bell Quick Summary

I expect an up day tomorrow, not very sure though, because statistically the next day after FOMC tends to reverse what happens on FOMC which means a down day tomorrow as we had an up day today.

SPXandFOMC

The main reason I believe we’re going to have an up day tomorrow is that CPCI closed at 1.60, which by counting dashed lines in the following chart (whenever CPCI was closed above 1.55), clearly the odds favors bulls tomorrow.

CBOE CPCI

at

11 comments:

  1. AnonymousAugust 12, 2009 at 6:03 PM

    Thanks

    ReplyDelete
  2. AnonymousAugust 12, 2009 at 6:05 PM

    Due to the Fed's comments about not increasing Q/E, the dollar immediately shot up. I tend to believe it will continue up tomorrow. Which, is bad for equities.

    ReplyDelete
  3. Pivot TrendAugust 12, 2009 at 6:14 PM

    Yeah, Hope that my MGM and URE work out tomorrow.

    ReplyDelete
  4. 开小差August 12, 2009 at 6:18 PM

    thx. ding

    ReplyDelete
  5. EvaAugust 12, 2009 at 6:52 PM

    Holy Cobra, You have so many tricks.

    ReplyDelete
  6. Dr. DoomAugust 12, 2009 at 6:59 PM

    no way cobra! market is going to plunge tomorrow

    ReplyDelete
  7. AnonymousAugust 12, 2009 at 7:45 PM

    Dr.Doom, you still have money left?

    ReplyDelete
  8. AnonymousAugust 12, 2009 at 8:44 PM

    thanks..

    ReplyDelete
  9. AnonymousAugust 12, 2009 at 10:35 PM

    up, up, up.

    ReplyDelete
  10. DaveAugust 12, 2009 at 11:00 PM

    send the market to the basement...

    ReplyDelete
  11. JimAugust 13, 2009 at 7:36 AM

    From Ian's blog:

    http://timeandcycles.blogspot.com/2009/08/when-price-time-and-cycles-meet.html

    Regards, Jim P.

    ReplyDelete