Summary:
The market could be at a cycle bottom so probably more upside ahead.
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TREND |
MOMENTUM |
EMOTION |
COMMENT - Sample for using the trend table. |
Long-term |
Up |
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Disbelieve |
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Intermediate |
Down |
Neutral |
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Short-term |
Down |
Neutral |
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SPY SETUP |
ENTRY DATE |
INSTRUCTION |
STOP LOSS |
Mechanic trading signals for reference only. Back tested since 2002. |
ST Model |
11/30 L |
*Long intraday. |
1.5xATR(10) |
Use 2% as the stop loss for SPY.
No confidence in this trade. |
Reversal Bar |
11/30 L |
*Long intraday. |
0.9xATR(10) |
Use 2% as the stop loss for SPY.
No confidence in this trade. |
NYMO Sell |
11/24 S |
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Breakeven |
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VIX ENV |
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Patterns ect. |
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INTERMEDIATE-TERM: BUILDING A TOP
维持building a top的forecast。详见11/27/2009 Market Recap。
2.8.0 SPX:CPCE,trend line broken,market有top的可能,看明天能否hold了。不过介个图最近不太好使,指示short-term top还行。
SHORT-TERM: COULD BE MORE REBOUND AHEAD
没有solid evidences,只是看起来牛牛稍微占优,could be more rebound ahead。
各指数daily图上连续2个reversal bar,因此反转向上的可能性大些。1.3.0 Russell 2000 iShares (IWM Daily),介个图的reversal bars比较清楚,此外volume也比较promising。
0.0.3 SPX Intermediate-term Trading Signals,今天的low看成10 day cycle low的话,那下个10 trading day可能就是up cycle了。
1.0.9 SPX Cycle Watch (60 min),看着也是cycle low的样子。
INTERESTING CHARTS:
由于说介个的人很多,所以也赶下时髦:看起来full moon都是bottom(From www.astrocycle.net),信不信由你啦,而12/2是full Moon。俺的看法是,full moon or new moon代表potential trend change,所以如果大盘反弹到12/2的话,到反而可能是market top。
介个图对熊熊有利,如果重复前三周的up huge on Monday then pullback the rest of the week的话。We'll see。
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