Saturday, January 21, 2012

Weekly Highlighted Charts


1. When market comes out out a major correction and the RSI rises to 70 for the first time, the index has 3/5 chance going into a retreat before rising again.
2. SPX finished the week at the High.  The chance for "open high and go higher next week" is only 1/19 in terms history. Short at the close has high winner rate, but need to be nimble, because market is in a strong up trend.
3. NYMO showed N. divergence (micro), so does NYAD, NYUD and NYHL, an immediate retrecement is expected.





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