08/23/2010 After Bell Quick Summary

Cobra

The bottom line, the short-term trend is down and my short-term model did nothing today.

 

I’m a little bit confused about the market direction, because I saw huge equities calls right before the market close. 

 

 

As the result, the CPC went below 0.80 which triggered a so called “firework” setup. Please take a look at the History of the Firework trading setup to get what I mean. Now the trick is:

1. I’m not sure if the “firework” setup still works this time. Although the last time I called the “firework” was in 07/19 Market Recap, it was a very successful call.
2. Because of this unusual huge equities call, the CPCE closed around 0.39 which is way too low and usually leads to a choppy market ahead.

Confused? Because trick 1 is potentially bullish while trick 2 is bearish. Well, think about it now before I inject my bias into your brain in tonight’s report.

 

As for tomorrow, when CPC <= 0.81, 44 out of 64 times (69%) a green day the next day.

 

 

babyruth

Ding

OK, SF

胡同儿串子

bd :)

股海无涯

Summerrose

Thanks.

Simpletrader

leak from tomorrow's data?

atrader

thanks

slcgh

dimi

c3456

SunSea

the market is sending mixed signals everyday, which is a sign of the comming OMEN.

nasa1100

ninemao

up or down? I am confused too.

acoust

First page!

开小差

thx,ding

H@T

nokia

:(13):

quickcow

donkeygirl

thanks

whzdf