08/27/2010 After Bell Quick Summary

Cobra

The bottom line, the short-term trend is up, I hold both long and short over the weekend, kind like profits locking, although strictly according to my short-term model, I should hold no position over the weekend.

 

I’ve got mixed signals for the next Monday. My best guess is since today is a Major Accumulation Day (NYSE Up Volume to NYSE Down Volume >= 9), so the next Monday shall be a small range bar and whatever gap, up or down, if any, shall be filled on the same day. So no hurry in making any decision now no matter you’re bull or bear.

 

Now let’s take a look at those mixed signals.

 

Bear’s camp:

 

Seasonality doesn’t favor bulls for the first 2 days of the next week according to Stock Trader’s Almanac.

 

Also selling short at today’s close and cover at close the next Tuesday WAS mostly profitable since Sep 2009.

 

 

And slightly bearish next Monday because NYADV closed above 2600.

 

 

Bull’s camp:

 

When CPC <= 0.81, 44 out of 65 times (68%) a green day the next day.

 

 

Enjoy your weekend!

 

ninemao

SF?

股海无涯

H@T

  周末愉快！

abaqus

windy

thanks

google

完了，老蛇又耍滑头了

永恒罗马

nokia

IMeMyself

1st page

icc

Thanks!

yuliang

谢谢老蛇，周末愉快！

Newbull

屁股决定脑袋。还是班长滑头两边都站。

rosyrosy

greenback

"耍滑头" is a good idea! I'm doing it too ... my account has changed too much in one day.

whzdf

c3456

回复 1# Cobra


   

rongh

回复 1# Cobra


    The market will gap down open, go high, and close green next monday.

胡同儿串子