Live Update

Thursday, February 25, 2010

02/25/2010 After Bell Quick Summary

Boy, what a day! I had an very expensive lunch by assuming everything would be the same before I could finish a very good discussion about certain strange traffic rules with my friends. Well, although this kind of intraday reversal is rare but occasionally it does happen, we trade on odds not on occasional events so I guess I’ll still enjoy my lunch assuming everything will be the same and pay for an very expensive lunch again and again.

The bottom line, I think we’ll at least see a new recovery high but if you’ve remembered my last night’s report about TICK and cycles, then both bulls and bears should be careful now, as we could be very close to a turning point.

One trick today, when both VIX and SPX closed in red, 20 out of 27 times (74%) a green day the next day.

1

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.