10/29/2009 After Bell Quick Summary

Cobra

Three points for your attention:

 

1. Seldom a V shape bottom like today. Check SPY 60 min chart since the March, I don’t see any sharper reversal than that of today.

 

2. The real test is tomorrow.

 

3. SPY has fully recovered the yesterday’s loss, yes, but neither QQQQ nor IWM.

 

The conclusion is: you might not need to blame yourself for not buying this dip. It’s now too early to say that the bottom is in.

 

By the way, I know some people will say there’s no volume today. Well, the market has been rallying for months with shrinking volume, who cares the volume anyway, the market has the bless of the Fed’s printing machine.

CoolMax

anoilman

1st

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happyface

牛牛加油.

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acoust

Thanks!

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往常Market都要等老大喊N嗓子"OVERSOLD"后才反弹，昨晚才喊一嗓子"OVERSOLD"，余音尚在，Market就暴力反弹

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jackyking

Cobra, you have a lot of $$, give some out.

jackyking

thanks.

jackyking

Thanks!
acoust 发表于 2009-10-29 17:16

wow, you have been online HT for 5000+ hours.

wnd4

thanks

2001ht09

thanks

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graceabrams

Thanks Cobra. The MM like to make us believe that "TOMORROW" is always the "KEY"