SHORT-TERM: COULD SEE MORE REBOUND BUT MORE LIKELY THE LOW WASN’T IN YET
今天的Trading Signals里已经提了,不能排除the high was in的可能性,当然光凭一根黑棒棒和一根空心红棒棒就说the high was in了,是不够严谨的,所以需要看明天。明天如果又是黑棒棒或者空心红棒棒或者Doji的话,就要小心了,连着两根反转棒的准确性要高很多。下面的图应该很清楚为什么我说可能the high was in了,特别是VIX and SPX的Divergence非常微妙。
除了反转棒的证据以外,昨天大涨2%,今天一度大涨3%,但是Money Flows却负的很厉害,可能也说明点问题。当然我不是说,这足以证明马上要跌,我只是说要注意。
可能有同学会问,今天的反弹超过了前两次(c > a and c > b),是不是表示转势了?我只能说这是迈出了万里长征的第一步,下面还要证明熊熊变弱了才行,所以也是走着瞧吧。
INTERMEDIATE-TERM: SPX DOWNSIDE TARGET IS 1,000, THE CORRECTION COULD LAST 1 TO 2 MONTHS
See 08/19 Market Outlook for details.
SEASONALITY: BEARISH FRIDAY
According Stock Trader’s Almanac, last day of Q3, Dow down 9 of last 13, massive 4.7% rally in 2008.
See 09/02 Market Outlook for September seasonality.
SUMMARY OF SIGNALS FOR MY PUBLIC CHART LIST:
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- * = 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.
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