Live Update

Monday, October 11, 2010

10/11/2010 After Bell Quick Summary

The bottom line, the short-term trend is up. I hold partial long position overnight as the mini price target hasn’t met not because it’s safe to do so.

VIX dropped out of its BB bottom, which could trigger a potential SPX short setup if VIX rises back into its BB in the coming days. I’ve discussed this setup in 04/13 Market Recap. Basically, disregard the current trend, the setup if triggered, had 61% winning rate while if the SPY ST Model was in sell mode, it’d have 100% winning rate.


blog comments powered by Disqus


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.