11/13/2009 After Bell Quick Summary

Cobra

Finally, I see a potential top pattern is in the forming which is big enough, IF BREAKDOWN, to sustain a few days pullback.

 

 

But again there’s always a but – a bullish continuation pattern could be in the forming too (see the chart above). Personally, I’m inclined to believe the bearish scenario, because of the 2 reasons below:

 

A powerful double cycle turn date which now looks a lot like a top.

 

 

A too bullish ISEE Indices & ETFs Only Index readings, which has led to a red close within the next 2 days (most likely the next day, see red arrows), 21 out of 27 times (78%) since the March rally.

 

 

Oh, one more thing, has anyone noticed this? If this is a bear trap, then certainly it’s not apparent enough for most bears to take the bait. So perhaps the trap is designed to trap the smartest bears? (Forgive my English, I hope you understand my tone) Enjoy your weekend!

 

 

dara

sofa

hsu

haha,SSSSSSSSSSSSSSSSSSSSSSSF

hsu

NICE!

dara

got two sofa today.

bendzhao

thx laoshe

hsu

今天早上TZA出水了，没卖，又沉下去了，呵呵

trueself

1# Cobra

牛二买刀

我是谁

Finally, I see a potential top pattern is in the forming which is big enough, IF BREAKDOWN, to sustain a few days pullback.
 
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But again there’s always a but – a bullish c ...
Cobra 发表于 2009-11-13 17:24

hahaha,  I know you are smart,  and I am smart, too.
hmmm is that a bad thing?

cw8888

yaobooyao

老蛇最后一个图是有图有真相！

是啊，连着4天，都是开盘拉高，然后振荡盘整或者振荡下滑的行情，有点儿出货的嫌疑。

invest4long

waterwater

wisertwin

听得脚得太复杂。会不会就是一个字：牛!

windy

学习了

sequoia

开小差

thx, ding

hsu

got two sofa today.


dara 发表于 2009-11-13 17:25

排排坐，吃果果

sequoia

short-term uptrend support for SPX has moved up to 1084 today, and 10-day EMA also moved up to 1081.  If SPX can not break up today's high Monday morning when 30 min stochastic moves up to top, then it is likely that both support will be broken down.  Then it should be  the reversal day for SPX.