Summary:
Up on light volume is not bearish at least recently.
Bullish Abandon Baby was formed on QQQQ, IWM daily chart.
The bear's only chance is US$ which could be up tomorrow.
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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 |
Up |
Neutral |
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Short-term |
Up* |
Neutral |
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SETUP |
DATE |
TRADE |
STOP LOSS |
Mechanic trading signals for reference only. Back tested since 2002. |
SPX Major Swing |
08/21 |
Buy next open |
09/25 Low* |
Win: 41%, Gain/Loss Ratio: 2.9, Ann Return/Trade: 55% yr |
NYMO Sell |
09/23 |
Sell next open |
09/25 High |
Short-term play. Stopped out on 09/28 with gain. |
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INTERMEDIATE-TERM: NO UPDATE
Bottom line,1.2.1 Dow Theory: Averages Must Confirm,在BPSPX,NYA200R and NYHILO都是record high的情况下,还预期大盘要大涨特涨,需要点想象力。
SHORT-TERM: UP,BEAR'S ONLY CHANCE IS THE US$.
今天肯定有人会说volume很小,因此suspicious,下面的绿线是SPY percent change to volume percent change ratio,青色的棒棒是绿线比较高,也就是说up huge on light volume时的情况,好像此后都还有不小的涨幅哈。
1.1.3 QQQQ Short-term Trading Signals,1.3.0 Russell 2000 iShares (IWM Daily),Bullish Abandon Baby,up 70% of the time。
以上,加上After Bell Quick Summary提及的CPCI and ISEE Index,看起来牛牛姿态不错。不过,熊熊明天有一个希望,那就是US$。
3.1.2 PowerShares DB US Dollar Index Bullish Fund (UUP 30 min),这个看起来是比较Bullish的pattern。此外,3.3.0 streetTRACKS Gold Trust Shares (GLD Daily),金子的黑棒棒也意味着UUP明天涨的几率比较高。
Overall,俺认为短期上涨的几率比较大,米金的动向有待于进一步观察。
INTERESTING CHARTS: NONE |