12/07/2009 After Bell Quick Summary

Cobra

Still range bounded so still no direction. However with 3 failed breakouts and lots of negative divergences, the chart below looks bearish to me. Plus there are 2 cycle turn date due tomorrow which right now looks a lot like a cycle top unless the market gaps down much much lower tomorrow morning. I’ll talk about these 2 cycles and an interesting speculation chart in tonight’s report.

 

 

One trick today, when ISEE Indices & ETFs Only Index > 100, 19 out of 25 (76%) times a red day the next day (most likely, see red arrows) or the next next day (blue arrows). In fact the last time the ISEE Indices & ETFs Only Index was above 130, like today, was May 7, 2009.

 

 

atrader

thanks

weigoodone01

epsom

Thanks a lot

windy

Thanks. 1st page.

源济

trueself

新低手

i wish it would be greeen tomorrow, and red next next day....

usamonkey

Diffusion

rosyrosy

风信子

ddr

Thanks

terranmn

thanks

abaqus

xnz

thanks

temujin

thanks

wnd4

thanks

PacificLegend

MtlJaysFan

Ｔｈａｎｋｓ