Report Focused On |
Buyable dip or the market topped? |
Today’s Summary |
Expect market seesaw for a few weeks.
Expect a pullback as early as the next Monday. |
7.1.0 Use n vs n Rule to Identify a Trend Change,牛牛折腾了4天,还是不及熊熊1天的战果,不管怎么说向上的动力是减弱了,因此根据过去的规律8.0.3 Use n vs n Rule to Identify a Trend Change 2008 ,维持原有的判断,maket will seesaw,the game is buy dip and sell bounce,但是,熊熊会赢更多的n vs n,这就是说也许可能大概sell bounce比较安全些。注意下面的INDU,根据1.2.0 INDU Leads Market,因此如果下周SPX 875破了,但INDU没有能够形成Higher High的话,那将是续$NYA50R和$CPCE后,第三个market topped信号了。
7.0.6 Weekly STO and the Market Top/Bottom,这是另一个seesaw的证据,weekly STO在overbought level上给出卖信号,maket至少会up and down几周。
Short-term,俺认为周一,最迟周二,market会pullback。
Telechart的T2103,Zweig Breadth Thrust,这是周一就可能pullback的主要依据,T2103的超买好像很准。
Intraday Cumulative TICK from www.sentimentrader.com,这个东东超买也比较准,当然不能排除周一继续涨得可能,只不过根据这个图以往的规律,涨幅应该不会很大。
1.0.2 S&P 500 SPDRs (SPY 60 min),太多unfilled gap了,周一如果再高开的话,是做空的机会。
1.0.4 S&P 500 SPDRs (SPY 15 min),Bearish Rising Wedge plus lots of negative divergence。
Intermediate-term,依然超买,breadth则negative divergence很明显,因此也是说有pullback的需要。
0.0.3 SPX Intermediate-term Trading Signals,1.1.4 Nasdaq 100 Index Intermediate-term Trading Signals,overbought plus negative divergence。
SPY breadth from www.sentimentrader.com,again overbought plus negative divergence,看着非常bearish。
最后看一下2.0.1 Volatility Index (Weekly),STO开始向上翻转了。
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