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发表于 2011-11-29 12:10 AM
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AAPL's charts look very good. 240min and daily charts are both going up, especially with red curves and blue curves side by side. And red curve and blue curve on its weekly chart are both bottomed and ready to bounce.
However, SPY charts do not look so pleasant. On 240min chart, red curve and blue curve are rallying side by side and not topped yet. Thus we will see tomorrow morning making higher high. on daily chart, both red curve and blue curve have moved out of deeply oversold zone, but the red curve has run too much faster than the blue curve, so they do not rally side by side and that is vulnable for bears attacks. So I guess there will be set back in this early stage of rebounce. On weekly chart, red curve bottomed today and ready for a bounce, that is good for bulls, however, blue curve dropped below 70-line today, that means its further pullback is unavoidable (inevitable). I guess that is likely to happen after the red curve bounce up to meet the blue curve and both of them drop side by side fiecely.
Taking today's money flow data into consideration, I guess the pullback since SPY 129 is not over yet and the wave ii of the wave 5 since March 2009 will continue. Today is an MAD, but money flow data shows the outflow since SPY 129 continued severely today. That is a very bad sign for bulls. As per my wave counting imagination, this wave ii will be inversed N-shape, so after this rebounce, there will be another leg down to break SPX 1150, probably testing SPX 1100 or lower, depending on how high this rebounce can reach.----I guess the second leg will be the same length of the first leg from SPX 1290.
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