Live Update

Monday, February 8, 2010

02/08/2010 After Bell Quick Summary

Well, no bullish Monday. But at least after the last bearish Monday, the rest of the week wasn’t bad. And it’s true, it’s very rate for INDU to have red weeks 4 weeks in a row, and it’s the 5th week now, so suppose we should have an intra-week reversal and eventually have a green week?

13

Just still want to remind you the chart below, a little bit old but should enough to see that the rest of the week after the Monday wasn’t so promising in the past.

2

I have no idea what’s going to happen next. Past experience says a scary sell off for at least two more days to wash all the weak hands out then a few weeks rebound thereafter. Anyone wants to say that because so many people are expecting panic sell, so there’ll be no panic sell?

blog comments powered by Disqus

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.