INTERMEDIATE-TERM: THE CORRECTION TARGET FOR INDU COULD BE AROUND 9727
No update. According to chart 4.0.4 Dow Theory: Averages Must Confirm, the correction target could be around 9727.
SHORT-TERM: TWO CYCLES DUE, NEED SEE TOMORROW TO KNOW IF THEY MEAN TOP OR BOTTOM
明天很关键,因为明天和30号分别有2个cycle due,可能是potential turn date。
1.0.9 SPX Cycle Watch (60 min),介个成功喊顶(see 01/20/2010 Market Recap),应该有点credit了吧?明天早盘大涨,那就可能是top,而大跌,则可能是bottom。顺便说,今天的After Bell Quick Summary,提到ChiOsc too high,因此明天早盘大高开的话,很可能会reversal,介个正好符合60 min cycle top的判断。
1.0.8 SPX Cycle Watch (Moon Phases),月亮工作的不错,咱就不要计较介是不是superstitious了哈,结合上面的说法,明天早盘大涨,那就可能盘中reversal,跌到01/29 or 02/01,明天早盘大跌,那就可能盘中reversal涨到01/29 or 02/01。
此外还有几个明天重要的理由:
0.0.2 SPY Short-term Trading Signals and 1.3.0 Russell 2000 iShares (IWM Daily)的棒棒都看着比较bullish,需要明天确认反转。
VIX的pattern,俺连续讲了n天了,so far correct for VIX only而SPX的反弹却比前三次弱很多,因此明天是SPX证明自己的关键日子。We’ll see。
3.1.0 PowerShares DB US Dollar Index Bullish Fund (UUP Daily),看着像是Head and Shoulders Bottom breakout,明天如果能follow-through的话,对大盘极为不利,特别是commodity and related stocks。
INTERESTING CHARTS: NONE
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