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Friday, July 16, 2010

07/16/2010 After Bell Quick Summary

A little little little little bit bullish biased toward the next Monday because there’re 66% chances a green day after a Major Distribution Day (NYSE Down Volume to NYSE Up Volume ratio >= 9).


The bottom line, it could be just a normal pullback so accordingly nothing needs to be worried. But for now,pay attention to “for now”, all the evidences I have are arguing that this is just a beginning of yet another down leg which in a worst case could last as far as to around 07/31. I’ll present all those evidences in the weekend report.

Enjoy your weekend!

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