Live Update

Tuesday, November 16, 2010

11/16/2010 After Bell Quick Summary

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

A little bullish biased for tomorrow as when NYSE Down Volume : NYSE Up Volume >= 9 (Major Distribution Day), 34 out of 56 times (65%) a green day the next day.


Also don’t forget the statistics I mentioned last night: SPX down 4 days in a row, buy at today’s close, sell at the very first up day (so it doesn’t necessarily mean tomorrow), you have 79% chances of winning something since 1991.


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.