蛙眼看盘02／23／10

氢氧化钠

More pullback to come?

This is why I feel there will be more downside actions to come in the following days:

1. In SPX daily chart, the red candle has firmly, but not yet decisively breach through the uptrend support line. "Doji Star" pattern formed since last Friday is confirmed. Those who build their long position last since last Wednesday are not trapped. There should be at least another pull back tomorrow, and we will see from there.


2. In SPX daily chart, EMA20 has crossed below EMA 50, and the BB has bended downwards, while the last couple of candlesticks are still in the band. Also, note the last couples of candlesticks. The support line was breached, and the market returned to retest the former support but failed to regain it. And the market ended up with another drop below the former support line. This kind of set up is usually a sign that there will more downside action to come.Another drop tomorrow early market will be needed to confirm this.


3. In the VIX daily chart, note how the RSI corresponds to the price action of SPY. Every time the RSI reaches the oversold zone, a pullback is imminent. If you take a closer look at the those short-lived pullback, VIX value usually spikes, meaning it soars to fast. However, today, the increment is moderate. There will be at least another climb of VIX



Overall, I think the market will go downside tomorrow, and there will be some chance the market will trying to close the gap from last Monday, and we will go from there.

击鼓传花

thanks

柴禾

ddr

NZX

abracadabra

epsom

Thanks

CoolMax

你的趋势线，画得不准确。

氢氧化钠

你的趋势线，画得不准确。
CoolMax 发表于 2010-2-23 19:37

主要是图片输出得时候位置经常会不准。
不过酷码你怎么判断trendline准不准确呢？

cboom

ok

xnz

thanks

ut1984

Fan8an

thanks

我是谁

alittlebit

牛熊

yaobooyao

好！客观直观，观点明确！比我这只青蛙强多了！我有时候想太多，反而贻误战机。

恭喜胡同，来了只牛蛙！以后的青蛙系列就是您老的专栏了，俺提前退休了。

atrader

thanks

不怕被套怕枕套

顶

skitty