08/16/2010 After Bell Quick Summary

Cobra

The bottom line, the short-term trend remains down and I added small short position intraday (not at open as I’ve explained in my forum – the 5 min open range held well so short at open would be very dangerous). Basically, I cannot deny that 3 reversal like bars in a row on the SPY daily chart below may mean a bottom of some kind but I don’t think the rebound, if any, could go too far. I’ll present some evidences in tonight’s report.

 

 

As for tomorrow, probably we’ll see gap up open because it’s rare for the market to gap down 6 days in a row. Also SPY down 5 days in a row, buy at today’s close, sell at the very first green day close which most likely is tomorrow, you’ll have 87% chances since year 2000.

 

 

wch008

THANKS!

shoujie

sf

If  gap up open tomorrow, I may short it again....good night...

xz214

根号3

沙发

zhyangi

Thanks.

永恒罗马

c3456

dreampen

开小差

thx, ding

mikeqc

1st page

noenoe

daveyhorl99

xiexie

bendzhao

water mark

The bottom line, the short-term trend remains down and I added small short position intraday (not at ...
Cobra 发表于 2010-8-16 12:04

chickencoop

donkeygirl

thanks

falcone

Thanks a lot

whzdf

wxp

胡同儿串子

谢谢！请注意运动！