Summary:
CPCE is too low. The previous 2 times when CPCE was this low the market wasn't up much thereafter.
Could be a Cup and Handle pattern formed on the SPY intraday chart.
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TREND |
MOMENTUM |
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COMMENT - Sample for using the trend table. |
Long-term |
Up |
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Intermediate |
Down |
Neutral |
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Short-term |
*Up |
Neutral |
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SETUP |
DATE |
INSTRUCTION |
STOP LOSS |
Mechanic trading signals for reference only. Back tested since 2002. |
Index ST Model I |
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Stopped out long with gain on 10/01. No position held now. |
Index ST Model II |
10/06 |
*Move stop loss |
10/06 High |
Short position initiated on 09/30. |
VIX ENV |
10/06 |
*Set stop loss |
10/05 Low |
Long position initiated on 10/06. |
Reversal Bar |
10/06 |
*Set stop loss |
10/05 Low |
Long position initiated on 10/05. |
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INTERMEDIATE-TERM: THE MARKET MAY CONSOLIDATE FOR AWHILE BEFORE PULLING BACK
今天要说的都集中在下面介幅图上。
1. CPCE closed at 0.47,way too low。前两次介么low,大盘都是盘整一段时间后pulled back。所以如果此后几天是consolidation的话,牛牛要小心。俺目前比较倾向于介个推断。
2. 俺没有证据说pullback结束了,也没有证据说大盘不会创新高。纯TA角度讲,09/23 high没破,那还是down trend。那,到那时,证明熊熊又错了,不是太晚了嘛。介个,就是俺的洗桶的好处了,见上面的表格,长短结合,真要是09/23 high is taken了,那介一轮,由于short-term的setup,dip也算是buy到了,是吧?
3. 不排除这两天的反弹是back test broken trend line。0.0.3 SPX Intermediate-term Trading Signals,这里有根更大的trend line,画的人更多些,不过介条trend line并没有3点validated。Anyway,既使是介根trend line,也没有decisively broken,因此也是有back test的嫌疑的。总之,熊熊还有点点希望。当然,声明一下,俺不是trend line的fan,关于support/resistance,俺更看重horizontal line,有讨论Here哈。
1.0.4 S&P 500 SPDRs (SPY 15 min),介个图比较牛牛friendly,可能是Cup with Handle pattern,target $110.39。
SHORT-TERM: NO UPDATE
INTERESTING CHARTS: NONE
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