Summary:
Could be a substantial rebound coming. If not then things are different now, a primary wave 3 down could have started.
INTERMEDIATE-TERM: COULD BE A SUBSTANTIAL REBOUND COMING
The bottom line,还是6.3.2b Major Distribution Day Watch,5天内2个Major Distribution Day,意味着more correction ahead。不过注意看图,如果在第2个Major Distribution Day后是个green day的话,那此后多半大反弹先,所以熊熊要小心。
除了上面提到的post Major Distribution Day的pattern以外,还有几个market could be bottomed的理由:
1.0.7 SPX Cycle Watch (Daily),After Bell Quick Summary里提到过,可能是个cycle low。
1.1.4 Nasdaq 100 Index Intermediate-term Trading Signals,NAADV,NAUPV,NADNV的位置在以前都意味着bottom。此外,今天NDX又hold above important support,因此非常有bottom的可能。
VIX的pattern也值得注意,整个棒棒都在BB以外的,至少前两次是exactly the market bottom。
综合以上理由,market could be bottomed here,expect大反弹。如果没有反弹,或者反弹的力度不够的话,那牛牛就要小心了,可能indeed this time is different,按不少wave派newsletter的说法,the primary wave 3 down has started。此外,如果今天的low broken的话,俺的SPY ST Model将是short信号,这个model目前的成功率是62%。
SHORT-TERM: COULD BE MORE REBOUND
1.0.3 S&P 500 SPDRs (SPY 30 min),今天www.stockcharts.com的SPY intraday chart有点问题,不过还是能清楚地看到lots of positive divergence,因此expect more rebound。不过so far从图上俺也没有看到啥bottom pattern,因此也不能排除还有一个小dip的可能。
INTERESTING CHARTS: NONE
|