Live Update

Monday, November 9, 2009

11/09/2009 After Bell Quick Summary

Noticed that ISEE Equities Only Index closed at 231, this is a little bit too high. The previous 5 cases when the ISEE Equities Only Index was closed above 230, were marked by blue arrows on the chart below. Considering this is a 10 days up cycle, so the market may have one more push. The bear’s hope is that this is a back test of the broken Bearish Rising Wedge, but I won’t count on it, as I don’t remember so far this year any traditional TA setup worked for bears – the bear’s only hope is extreme extreme extreme conditions and unfortunately such kind of conditions still are a few days away.

ISEEWatch SPXMidTerm

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.