Friday, August 28, 2009

08/28/2009 After Bell Quick Summary

I expect a red close next Monday because CPCE closed at 0.56 which by counting the dashed lines on the chart below, means 76% chances a red close the next day.

CBOE CPCE

Enjoy your weekend!

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15 comments:

  1. AnonymousAugust 28, 2009 at 6:05 PM

    Thanks. I agree it's looking like a short-term top could be put in Monday, but I'm waiting till Monday after 10 AM EST to start shorting personally.

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  2. NikkieAugust 28, 2009 at 6:20 PM

    Corba, Why are you so sure about Red Monday?

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  3. CageAugust 28, 2009 at 6:21 PM

    its month end on monday. I think the chance of a red close is very slim.

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  4. CobraAugust 28, 2009 at 6:22 PM

    I'm not sure, I just say 76% chances in the past when the same thing happened a red close next day. That's how my TA works...

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  5. CobraAugust 28, 2009 at 6:23 PM

    Cage, statistically, the month end doesn't appear bullish if I remember correctly.

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  6. NikkieAugust 28, 2009 at 6:37 PM

    Thanks Cobra.

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  7. CobraAugust 28, 2009 at 6:43 PM

    Cage, I just checked, statistics from 1950 to 2002 concludes that 63% chances a green close on the last day of the month if 50 day moving average slopes up.

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  8. 开小差August 28, 2009 at 6:45 PM

    thx, ding

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  9. AnonymousAugust 28, 2009 at 6:59 PM

    Wow, SPX has 5 dojis in a row. So few have taken profits. The scramble for the exit will not be a pretty site.

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  10. AnonymousAugust 28, 2009 at 8:19 PM

    http://s17.photobucket.com/albums/b57/stevevickyl/Charts/?action=view&current=DOWBearChannelAugust2009.jpg

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  11. AnonymousAugust 28, 2009 at 8:24 PM

    Channel says INDU may have topped.

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  12. AnonymousAugust 28, 2009 at 8:40 PM

    This one is great, my favorite Rorschach test. But on Monday you are going to throw it out again and post an Up day right?

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  13. CageAugust 28, 2009 at 9:32 PM

    Thanks Corba.

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  14. gordongeckoAugust 28, 2009 at 9:48 PM

    I hope we gap up in the morning first then end the day nice and bloody... thanks Cobra

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  15. Dave NarbyAugust 29, 2009 at 11:33 PM

    I'm hoping for a gap up so I can re-enter my short.

    But if it gets aways from me, I'll look to get short on a bounce later.

    GLTA, even the bulltards.

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