Live Update

Thursday, September 30, 2010

09/30/2010 After Bell Quick Summary

The bottom line, the short-term trend is down, not confirmed though. I hold partial short overnight since the mini price target has not met, not because it’s safe to hold overnight.

Tomorrow could be a key day because whether it’s a breakdown of a trend line then back test to kiss the trend line goodbye or something else, we’ll have to wait and see. Overall, I’m not optimistic which I’ll blah blah in tonight’s report. For now what I can see the bull’s best hope is the seasonality, because according to the Stock Trader’s Almanac, First trading day in October, NASDAQ up 5 of last 7.


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.