10/28/2009 After Bell Quick Summary

Cobra

The bottom line, I don’t see any reversal patterns so could be more downside ahead. The bull’s hope is a reversal day tomorrow because now the market is very oversold with 1765 Russell 3000 stocks fell on increased volume, so one more down day, perhaps a sharp gap down tomorrow, may cause bulls to throw in the towel thus creating a capitulation effect usually needed for a bottom. On the other hand, if we don’t get any sharp down, instead a small green day tomorrow, then be careful, the sell off might not be over yet. Anyway, my suggestion is still that do not buy this dip before seeing a reversal pattern. I’ll post something here in my blog as soon as I see a reversal pattern.

 

 

One trick today: Days after a Major Distribution Day (NYDNV/NYUPV > 9), such as today tended to close in green 21 out of 32 times (66%).

 

javamood

沙发

epsom

Thanks and click

小小的鱼

globe

Maylin

Do not buy dip...BAC should drop under $10...

gardener2000

thanks

dommy

1# Cobra


ding

2001ht09

thanks, Cobra. By the way, I have some stock underwater a lot. How should I do? Hold and wait for the rebond? thanks for any suggestion.

Newbull

thanks.

mocca

thanks!

tenteddies

谢谢

Positive_Theta

^

rsc163

thanks a lot

summer123

bayliner1979

2.4.2 $NYADV, a lower close ahead in the near future.

NZX

ChuChu888

Cobra

thanks, Cobra. By the way, I have some stock underwater a lot. How should I do? Hold and wait for the rebond? thanks for any suggestion.
2001ht09 发表于 2009-10-28 17:01

介个问题不好说，因为现在市场很疯狂，前段时间上涨的时候，啥看跌的信号都不灵，现在呢，俺不知道是否要反过来。Anyway，纯TA讲，俺是看明天反弹的几率很高，所以你等等吧。

就一个建议：Never ever average down.