Live Update

Thursday, October 15, 2009

10/15/2009 After Bell Quick Summary

I have 2 tricks today, both point to a red day tomorrow. Well, OE week, maybe I should read those option related tricks with upside down.

The bottom line, read the Institutional Buying and Selling Trending chart I posted this morning, the trend is clear that institutional accumulation is less and less as the market trending up. I really don’t know how the market is going to sustain this kind of rally without the participation of the most institutions.

But before anything really happens, let’s get drunk now and forget about tomorrow. After all, the sword of Damocles never fell and maybe never it will.

CPC < 0.7, 73% chances a red day the next day.


CPCE <= 0.65, 58% chances a red day the next day. (Gosh, cannot believe, this was once my favorite trick! Anyway, still the reading at 0.46 is way too bullish which is worth of noticing.)


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.