11/06/2009 After Bell Quick Summary

Cobra

SPX up 5 days in a row while volume down 5 days in a row, technically it’s a bearish pattern, but so far I don’t see any reversal signs, instead, I see a small Symmetrical Triangles in the forming which has a slight edge on the upside for next Monday.

 

 

Have a good weekend!

atrader

谢！

coexist

thanks

jja

Anita

thanks!

流动的建筑

Another perspective: if you connect early October low with early November low, that's a possibility where the market is heading...

Diffusion

yaobooyao

周末愉快！

天龙

thanks

NZX

thanks!

abaqus

thanks! have a great weekend!

nokia

xiaofengfeng

globe

Alchemist

长叶草

thanks

wnd4

thanks

reks

Thanks!

zooie

This selloff likely already over.  
It does not look that clear in SPX as so far it is between a dip and a real correction, and may need to end like a real correction in panic sellings.
However, the Dow 30 chart looks very healthy: Dow hit 50d SMA and lower channel and bounced back, and recovered 10k.

Jeff

Thank you and have a good weekend!