08/16/2011 Market Outlook (Hollow Red Bar)

Cobra

SHORT-TERM: IN WAIT AND SEE MODE

今天没啥好说的，看明天吧，根据7-Day Rule，因为我们已经跌了一天了，所以下面3天都要涨才行，否则又多了一个这仅仅是个反弹的证据。

 

QQQ空心红棒棒可能意味着top，当然也需要看明天。

 

下面的图是我对今后走法的猜测（Subject to change at any time哈），理由还是看起来反弹像是Bear Flag or Pennant，所以最终还是要去探08/09的low的。

 

INTERMEDIATE-TERM: CONCEPT ONLY, THE WORSE CASE SPX DOWNSIDE TARGET  IS 1,000

See 08/05 Market Outlook for more details.

SEASONALITY: BULLISH MONDAY AND FRIDAY

According to Stock Trader’s Almanac:

1. Monday before August expiration, Dow up 11 of last 15.
2. August expiration day bullish lately, Dow up 7 in a row 2003 – 2009.

ACTIVE BULLISH OUTLOOKS:

• 08/04 Market Outlook: Relief rally could be within 3 trading days.

ACTIVE BEARISH OUTLOOKS:

• 08/02 Market Outlook, 08/05 Market Outlook, 08/08 Market Outlook, 08/09 Market Outlook: Rebound, if any, is sell.

SUMMARY OF SIGNALS FOR MY  PUBLIC CHART LIST: 

TREND MOMENTUM COMMENT Long-term 2 of 3 SELL Intermediate 5 of 5 SELL 4 of 5 NEUTRAL Cobra Impulse in SELL mode; Non-Stop in SELL mode. Short-term UP 6 of 6 NEUTRAL

TREND COMMENT QQQ & Weekly DOWN   IWM & Weekly DOWN   SSEC & Weekly DOWN   EEM & Weekly DOWN   XIU & Weekly DOWN   DAX & Weekly DOWN   TLT & Weekly UP   UUP & Weekly DOWN GLD & Weekly UP   USO & Weekly DOWN   XLE & Weekly DOWN 4.4.1 Energy Select Sector SPDR (XLE Weekly): BPENER oversold. XLF & Weekly DOWN 4.4.2 Financials Select Sector SPDR (XLF Weekly): Breakdown long term support! IYR & Weekly DOWN   XLB & Weekly DOWN

* = New update; Blue Text = Link to a chart in my public chart list. UP = Intermediate-term uptrend. Set when weekly buy signal is triggered. DOWN = Intermediate-term downtrend. Set when weekly sell signal is triggered.

当时惘然

Thanks

Im168

dreampen

葡萄柚

silicon_beaver

Futures is red, possibly due to Dell's bad earning report.

spy2011

oldfox

小财虫

nanosensor

Ding

jcs

learner2009

dsp

Thanks.

IMeMyself

weigoodone01

风信子

greatinter

jy1029

NewMember

Thank you!

balto