Live Update

Friday, August 28, 2009

08/28/2009 After Bell Quick Summary

I expect a red close next Monday because CPCE closed at 0.56 which by counting the dashed lines on the chart below, means 76% chances a red close the next day.

CBOE CPCE

Enjoy your weekend!

Posted by Cobra at 5:59 PM

15 comments:

  1. AnonymousAugust 28, 2009 at 6:05 PM

    Thanks. I agree it's looking like a short-term top could be put in Monday, but I'm waiting till Monday after 10 AM EST to start shorting personally.

    ReplyDelete
  2. NikkieAugust 28, 2009 at 6:20 PM

    Corba, Why are you so sure about Red Monday?

    ReplyDelete
  3. CageAugust 28, 2009 at 6:21 PM

    its month end on monday. I think the chance of a red close is very slim.

    ReplyDelete
  4. CobraAugust 28, 2009 at 6:22 PM

    I'm not sure, I just say 76% chances in the past when the same thing happened a red close next day. That's how my TA works...

    ReplyDelete
  5. CobraAugust 28, 2009 at 6:23 PM

    Cage, statistically, the month end doesn't appear bullish if I remember correctly.

    ReplyDelete
  6. NikkieAugust 28, 2009 at 6:37 PM

    Thanks Cobra.

    ReplyDelete
  7. CobraAugust 28, 2009 at 6:43 PM

    Cage, I just checked, statistics from 1950 to 2002 concludes that 63% chances a green close on the last day of the month if 50 day moving average slopes up.

    ReplyDelete
  8. 开小差August 28, 2009 at 6:45 PM

    thx, ding

    ReplyDelete
  9. AnonymousAugust 28, 2009 at 6:59 PM

    Wow, SPX has 5 dojis in a row. So few have taken profits. The scramble for the exit will not be a pretty site.

    ReplyDelete
  10. AnonymousAugust 28, 2009 at 8:19 PM

    http://s17.photobucket.com/albums/b57/stevevickyl/Charts/?action=view&current=DOWBearChannelAugust2009.jpg

    ReplyDelete
  11. AnonymousAugust 28, 2009 at 8:24 PM

    Channel says INDU may have topped.

    ReplyDelete
  12. AnonymousAugust 28, 2009 at 8:40 PM

    This one is great, my favorite Rorschach test. But on Monday you are going to throw it out again and post an Up day right?

    ReplyDelete
  13. CageAugust 28, 2009 at 9:32 PM

    Thanks Corba.

    ReplyDelete
  14. gordongeckoAugust 28, 2009 at 9:48 PM

    I hope we gap up in the morning first then end the day nice and bloody... thanks Cobra

    ReplyDelete
  15. Dave NarbyAugust 29, 2009 at 11:33 PM

    I'm hoping for a gap up so I can re-enter my short.

    But if it gets aways from me, I'll look to get short on a bounce later.

    GLTA, even the bulltards.

    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.