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Thursday, December 10, 2009

12/10/2009 Market Recap: COMPQ Black Bar


A little bearish biased because it seems that COMPQ black bar usually led to a short-term top.

  TREND MOMENTUM EMOTION COMMENT - Sample for using the trend table.
Long-term Up   Disbelieve  
Intermediate Down Neutral  
Short-term *Up Neutral   *Need further confirm.
SPY SETUP ENTRY DATE INSTRUCTION STOP LOSS Mechanic trading signals for reference only.
Back tested since 2002.
ST Model 12/10 L

*Long intraday.

12/09 Low

*No confidence in this trade.

Reversal Bar 12/10 L

*Long intraday.

12/09 Low

*No confidence in this trade.

NYMO Sell 12/04 S   Breakeven


VIX ENV        


In wait and see mode. For more details please see 12/04/2009 Market Recap.


Not much to say and no idea about tomorrow. Short-term, a little bit bearish biased though, reasons below:

1.1.0 Nasdaq Composite (Daily), looks like black bar always led to a short-term top, besides it has too many unfilled gaps.


Let’s take a look at AAPL (Really have nothing else to say, so…), as it weights above 10% in QQQQ,  so perhaps it’s the most important stock in the market. It formed a bearish reversal bar today and looks a lot like a back test to the broken trend line.



3.4.1 United States Oil Fund, LP (USO Daily), ChiOsc is way too low so oil could rebound soon, this is good for the stock market.


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