Tuesday, July 7, 2009

07/07/2009 After Bell Quick Summary

I see good chance a rebound at least tomorrow morning. With 3 days in a row the market opened with a down gap so the chances of another gap down open tomorrow is rare. Just if we see a gap up open tomorrow, it will be the 7th unfilled gap on the SPY chart therefore I doubt if it could hold. So my guess is no hurry in buying dips AH, instead to fade the tomorrow’s gap up open is much safer.

SPY60min

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6 comments:

  1. AnonymousJuly 7, 2009 at 6:17 PM

    So everybody it's talking about the H&S in SPX. A trap? What do you think.

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  2. CobraJuly 7, 2009 at 6:18 PM

    H&S seldom is a trap.

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  3. 开小差July 7, 2009 at 6:59 PM

    thx. ding

    ReplyDelete
  4. AnonymousJuly 7, 2009 at 8:52 PM

    Cobra, great call on s7p and vix up same day, next day ugly...worked again !!! 8 for 9 now ? that is amazing odds for next set up...THANKS

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  5. AnonymousJuly 7, 2009 at 9:06 PM

    People have been talking about the H&S being too obvious, and that the market is never that obvious. If I had to make a guess, I would guess that the market trend is still negative, but there will be a massive effort to break the H&S pattern at this point.

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  6. AnonymousJuly 8, 2009 at 11:10 AM

    genius

    ReplyDelete