Live Update

Monday, November 16, 2009

11/16/2009 After Bell Quick Summary

OK, as I was worried, the weapon of mass destruction was detonated, UUP major support was broken and we’ll know tomorrow if this marks the start of a catastrophic drop which is temporarily good for the stock market until to a certain extremes where I wish I'd know. So don’t be too bullish or bearish at the current stage, we may see drama this week as things being cooking up in Beijing.


The intraday chart looks bullish, so I think at least we’ll see one more push up tomorrow morning and after that maybe a pullback because there’re too many too large negative divergences.


On the other hand Uempel has an interesting chart calling for a very short-term top.


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