Daily notes to self 7/2

zeebra

Today's volume is relatively small due to the long weekend.
All indices broke down the H&S neck line in weekly charts.  $SPX is forming a 50MA/200MA cross, bearish!
But from monthly charts, the downward momentum is slowing down, will we see another two long red bars in monthly charts in next two months?
Still believe that there will be a short term bounce next week. But very bearish for long term.
VIX weekly is very bearish, this support the short term bounce next week. (SSEC support the short term bounce too)
Both 10yr and 30 yr yields up and look like morning star pattern, which is good for stocks.
The selloff during last 5min could be that many traders don't want to hold long position over the long weekend.

Have wonderful long weekend.

God Bless Hutong!

donkeygirl

thanks

nanosensor

Thanks! And Yes, God Bless Hutong!

hhli3

永恒罗马

DayDayUp

Thanks!

Alchemist

Diffusion

We have only 2 days in July, that's why the July bar is short ...

zeebra

We have only 2 days in July, that's why the July bar is short ...
Diffusion 发表于 2010-7-2 18:19

    oh, then we may see a third long red bar.  3 black crows.
the short term bounce will just make those upper tail longer like June.

navybean

Thanks.

Diffusion

oh, then we may see a third long red bar.  3 black crows.
the short term bounce will jus ...
zeebra 发表于 2010-7-2 18:24

    Hopefully we'll see one next week.

新低手

southware

Ding

babyruth

X中国陆军

slowstep

zeebra

Hopefully we'll see one next week.
Diffusion 发表于 2010-7-2 18:31

    dead cat bounce could be very strong, sometimes.

Diffusion

dead cat bounce could be very strong, sometimes.
zeebra 发表于 2010-7-2 20:20

   

dingdingdang

ut1984