Live Update

Tuesday, August 24, 2010

08/24/2010 After Bell Quick Summary

The bottom line the short-term trend is down and I hold no short position overnight.

SPY down 4 days in a row, buy at today’s close and sell on the very first green day thereafter, since year 2000, you have 84% chances.


By the way, for SPX (not SPY), another down day tomorrow (i.e. down 5 days in a row), buy at close and sell on the very first green day thereafter since year 2000, you WERE guaranteed to win something.


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.