INTERMEDIATE-TERM: INITIAL SPX PULLBACK TARGET COULD BE AROUND 1020-1040 AREA
No update, according to chart 4.1.0 S&P 500 Large Cap Index (Weekly), the most likely initial pullback target could be around 1020-1040 area.
SHORT-TERM: THREE POSSIBLE REBOUND TARGET
目前没有证据表明pullback is over，所以暂时当作rebound处理，因此根据1.0.3 S&P 500 SPDRs (SPY 30 min)，有三个可能的rebound target。
- Fib 23.6%。正好碰到price channel的上沿，因此不排除rebound今天就已经结束的可能。
- Fib 38.2%。介个看着也有道理，正好是比较重要的resistance。
- Jan 21 gap。
今天反弹最大的问题是QQQQ比较弱，1.1.5 PowerShares QQQ Trust (QQQQ 30 min)，对比上面的SPY 30 min chart可以看到QQQQ连Fib 23.6%都没有达到，而Intraday Cumulative TICK too high，所以明天大概也不能指望QQQQ catch up，介就是说QQQQ lagging可能不仅仅是今天暂时的现象。Not good, as soldiers (QQQQ) are destined to be running behind generals (SPY) on this rebound.
另外还有个问题，1.0.2 S&P 500 SPDRs (SPY 60 min)，今天是SPY第13个unfilled gap，明天高开的话，将是第14个gap。SPY最多的时候有过15个unfilled gap。
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 only one stock.
According to the entry rule, all screeners found on last Friday were not confirmed. Well, that's the beauty of the entry confirm rule as you could avoid shorting right at the market bottom.
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狗仔卡
发表于 2010-2-1 09:19 PM
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发表于 2010-2-1 09:20 PM
sorry...