06/26/2009 After Bell Quick Summary


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The below chart shows, when both SPX and VIX closed in red the same day, 70% chances a green day next day.

SPXVIXWatch

But since VIX reached a new low again today while SPX still hasn’t reached even a SWING high, I see some similarities in the following chart.

SPXVIXWatch2

So which one to believe, it’s your call. Personally I’m more willing to believe that this time we’re in that 30% chances which means a red Monday.

I still believe it’s a sell-able bounce according to “n vs n” rule. And since very short-term, QQQQ is extremely overbought, so perhaps betting on QQQQ to pullback next Monday is safer.

NvsN

15 Comments on "06/26/2009 After Bell Quick Summary"
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    June 26, 2009 at 7:34 pm
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