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OK, another up day with even lower volume. SPY has been up 4 days in a row while volume down 3 consecutive days, forming a technically so called a price volume negative divergence. Short at today’s close and hold until the first profitable close since year 2000. Virtually the winning rate is 100% because the only 2 losers were losing 0.0%. The samples are too small though, so may not mean anything.
Bullish Monday or should now be bearish Monday? As I’ve explained that Monday had the tendency to constantly outperform or underperform for certain period of times, so my guess is now it is the period when Monday may constantly underperform.
The bottom line, the short-term is up and the momentum is strong, so even we may see some pullbacks early next week but after that most likely there’ll be a new recovery high at least. Enjoy your weekend! | 
狗仔卡
发表于 2010-7-9 03:16 PM
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
发表于 2010-7-9 03:18 PM
发表于 2010-7-9 03:24 PM
