Live Update

Friday, January 29, 2010

01/29/2010 After Bell Quick Summary

I have nothing new to say except to repeat the last part of the last night’s report, for 3 reasons we could see a green Monday.

1. Monday is the 1st trading day of the February when INDU closed in green 8 out of 10 times since year 2000.

2. Monday is now known as very very bullish and so far the pattern worked perfectly.


3. From the chart 1.0.8 SPX Cycle Watch (Moon Phases), now it looks like the Full Moon means a bottom.


The bottom line, no panic no bottom, and right now I don’t see any panic yet, as people visiting my blog are still trending down (I’m confident that’s not because my posts are bad, simply because people still consider the stock market as easy money), as there’s no single Major Distribution Day (NYSE Down Volume to Up Volume ratio > 9) yet, as there’s no big sell off lasting at least three days in a row yet. If you’re bullish and think this simply is an usual shake of weaker hands, then think about this: If those big shakers’ main purposes are for your cheaper stocks, then what the best time is to get them? Yes, that’s when you’re panic. Now ask yourself: do you still think there’s a hope? Do you still bravely buying dips? Do you yet feel your stomach pain and find hard to sleep overnight? If the answers are all Yes, then perhaps the selling isn’t over yet.

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.