Live Update

Wednesday, September 1, 2010

09/01/2010 After Bell Quick Summary

The bottom line, the short-term trend is up, I hold partial long position overnight.

As for tomorrow, I’ve got mixed signal. The only thing I’m sure is that it’s unlikely a huge up day (less than 1%).

Bull’s Camp:

When CPC <= 0.81, 44 out of 66 times (67%) a green day the next day.


One thing I’d like your attention though, the intraday CPC was once at 0.71 which was pretty bullish but by the end of the day, even the market closed almost at high of the day but the CPC shot up to 0.82 (fell to 0.81 in AH) which at least was not as bullish as early in the morning. I don’t remember I ever saw the same actions before, so have no idea on what it implies. Just thought you might want to know.


Bear’s Camp:

When NYADV > 2,600, slightly bearish biased the next day.


When TICK > 1,000, slightly bearish biased the next day or at least not up big the next day.


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.