Monday, October 20, 2008

$TICK closes above 1,000 means the market will close lower the 2nd day?

Just a note for myself, and share with you, my dear readers, as thanks for all kinds of info I've got from your feedbacks.

I read an article saying if TICK closes above 1,000 then very high chances that the 2nd day the market will close lower and the same is true for CPC if it closes around 0.8. Is it true? Check the following chart, see dashed lines, at least I don't see any edges here.

NYA

Today's Market Summary is ready, guess, my friend is busy translating it now, will be posted later.

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4 comments:

  1. AnonymousOctober 21, 2008 at 12:35 AM

    Hi Cobra, I really like your blog.
    Yesterday you showed a triangle which had a 75 % probabability that the market would go down since the top line intersected at two points not three.
    What is the probabability of the triangle now?
    Thanks for your effort.
    Roger

    ReplyDelete
  2. NefriOctober 21, 2008 at 9:13 AM

    Wow, translating it from what? It sounds perfect!

    ReplyDelete
  3. CobraOctober 21, 2008 at 11:10 AM

    Triangle is still there, we're not out of the woods yet.

    ReplyDelete
  4. CobraOctober 21, 2008 at 11:11 AM

    As for translation, I mean translating from my daily report in Chinese into English. I'm too busy to do it by myself, so my friend is here to help me.

    ReplyDelete