05/28/2009 Market Recap: Firework


Summary:

62% chances the SPX will close in green tomorrow.

Firework trading setup was triggered.

  Trend Momentum Comments - Sample for using the trend table.
Long-term Down   Idea for trading intermediate-term under primary down trend.
Intermediate Down Neutral Wait breakdown bellow SPX 878 to confirm sell signals.
Short-term Up Neutral  

Not much to say today. Ever after May the 1st, there’s no record for SPY being up 2 days in a row, so tomorrow will be the SPY’s last chance to break this curse. Will SPY be able to do so? Because CPC closed bellow 0.8 today, so according to 7.0.4 Extreme CPC Readings Watch, there’re 62% chances that SPY may close in green tomorrow.

CPCWatch

 7.3.2 Firework Trading Setup, CPC < 0.8 also triggered a “Firework” today. This setup worked pretty good so far.

Firework

13 Comments on "05/28/2009 Market Recap: Firework"
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    May 28, 2009 at 10:18 pm
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