Live Update

Tuesday, August 3, 2010

08/03/2010 After Bell Quick Summary

The bottom line, the short-term trend is up but my short-term trading model did nothing today, neither long nor short. It doesn’t feel like the 2009 mad cow is back to me but certainly one day pullback doesn’t mean anything.

For tomorrow, I have no idea. A comment from Mr. Alpha saying a red today after extreme high NYADV yesterday (see 08/02 After Bell Quick Summary) most likely means a red day again tomorrow. Well, here’s the chart, I’ve already eliminated all the 2nd day was green day cases, so that you can see clearly that indeed a red day is most likely for tomorrow (green arrows means green day the next day).


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