INTERMEDIATE-TERM: INITIAL PULLBACK TARGET MET BUT COULD BE MORE
No update, see 02/05/2010 Market Recap, Fib 38.2% retracement target was met, but I suspect there’s more. There’s a chance that after the pullback is over, we’ll see a new high followed by a bigger pullback thereafter.
SHORT-TERM: FALL ON DECREASED VOLUME USUALLY IS NOT A SIGN OF BOTTOM
没说的,因为现在报告的表格以及stock screener需要每天更新,所以怎么都要有update,就凑几句吧。I have no idea about tomorrow。0.0.2 SPY Short-term Trading Signals,fell on decreased volume plus not many oversold signals,因此倾向于没有bottomed。
下一个预言就是6.3.0 Major Accumulation/Distribution Days,Major Distribution Day seldom comes alone,这就是说会有恐怖一跌to new low,除非有Major Accumulation Day steps in。
STOCK SCREENER: For fun only, I may not actually trade the screeners. Since SPY ST Model is in SELL mode, only SHORT candidates are listed. For back test details as well as how to confirm the entry and set stop loss please read HERE. Please make sure you understand the basic risk management HERE.
Today’s screener has 1 stock. Just please don’t forget the entry rule, it’s not a short yet.
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