Live Update

Friday, September 25, 2009

09/25/2009 After Bell Quick Summary

One trick today: CPCI > 1.55 which means a green close next Monday. CPCI has been wrong twice recently. This greatly reduced its successful rate and it now represents only 64% chances. Also on the recent 3 failed cases, the CPCE were all closed less than 0.60 and today we had CPCE sit at 0.58, so personally I won’t read too much into this CPCI thing. The bottom line, I have no proof so far that the pullback is over but at the same time the CPCE trend line I talked in the last night’s report didn’t hold today, so I have no proof that on the intermediate-term the market was topped either.


Enjoy your weekend!

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.