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.





Thursday, January 19, 2012

Wednesday, January 18, 2012

Sunday, January 15, 2012

Saturday, January 14, 2012

SPX weekly update

SP500 downgraded France and other 8 Europe nations. The news couldn't smash an already wound market in Friday. Dip-buyers still prevailed at the end of day. If SP500 couldn't bring the market down next week.  this could be bear's another whack in vain just as the Bank downgrade news on Thanksgiving time. 

Thursday, January 12, 2012

Wednesday, January 11, 2012

Monday, January 09, 2012

Friday, January 06, 2012

Thursday, January 05, 2012

Sunday, January 01, 2012

Weekly on Spx

Hourly still in the up channel, but be aware of the cycle turn. 
Daily, seems broke symmetrical triangle and doing retest now.
Weekly, bull not out of woods yet, still under heavy resistance. 

 


Saturday, December 31, 2011