|
发表于 2011-11-30 04:58 PM
|
显示全部楼层
Diver 发表于 2011-11-30 12:32
My expected sharp short squeezing came faster than I thought!
And at about 10:40 this morning ...
Here are more bullish evidences:
1. Two huge MAD's within 5 days.
2. Based on N vs. N rule, bulls won. (1 day vs. 1 day; 2 days vs. 2 days; and 3 days vs. 3 days.)
3. On SPY PT charts, now I guess both red curve and blue curve on both daily and weekly are all heading up, while on monthly chart, red curve and blue curve refuse to drop from the top zone.
4. Now the market is more and more like the year end rally movement last year, as I believed for almost two months.
5. Today is an MAD and all major indices closed almost HOD. Higher high can be expected after MAD today.
6. The market jumped up huge and did not pull back although my system gave sell signals. Obviously this market is very strong and ignore the sell signals, and that means MM's want to go into more overbought before pullback correction. Thus MM's ambition is big! I guess the target of this rally will be at least last month's peak or even the peak of earlier this year.
Overall conclusion:
The uptrend resumed and confirmed now. I expect more up movement in the short term (for a few weeks). Buying dip and then holding long positions is the correct main strategy, although I may do some anti-trend DT (for example, I will bet gap close tomorrow).
I expect this rally will be up 6 out 7 days pattern again as the strong starting. Now we have seen up 3 days. And I expect tomorrow will be another up day because it is the first day of December. This Friday may also be an up day, because the macro-economic data is likely to be good. The only down day within 7 days may occur on next Monday or Tuesday to correct the sharp overbought mode.
These are my two cents. Hope I am not wrong. |
评分
-
2
查看全部评分
-
|