INTERMEDIATE-TERM: THE CORRECTION TARGET FOR INDU COULD BE AROUND 9727
No update. According to chart 4.0.4 Dow Theory: Averages Must Confirm, the correction target could be around 9727.
SHORT-TERM: COULD BE MORE CORRECTION AHEAD
今天SPY and QQQQ daily chart pattern都不好看,plus Nasdaq Total Volume to NYSE Total Volume ratio又spike了,因此可能more correction ahead。
0.0.2 SPY Short-term Trading Signals.
0.0.5 QQQQ Short-term Trading Signals.
2.3.4 Nasdaq Total Volume/NYSE Total Volume.
明天,I’m not sure,有涨的可能,除了After Bell Quick Summary提到的6.1.1a Extreme CPC Readings Watch,由于CPC <= 0.81,明天有78%的机会收绿以外,1.0.9 SPX Cycle Watch (60 min)的cycle bottom如果作用还没完的话,明天应该还能涨点。此外最重要的是1.0.3 S&P 500 SPDRs (SPY 30 min),VIX didn’t confirm the SPY new low plus lots of positive divergences。
明天如果又跌的话,熊熊要注意套利,理由有三:
下周一是二月的第一个交易日,自2000年以来8 out of 10 times INDU closed in green。
Very very bullish Monday,介个pattern继续有效。
1.0.8 SPX Cycle Watch (Moon Phases),明天new low,很可能介个Full Moon代表的是bottom。
INTERESTING CHARTS: NONE
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