08/03/2009 After Bell Quick Summary

OK, I cannot show my face anymore as it got slapped again that it became too ugly to show. I have a feeling that I’d get another slap tomorrow. But, as I said before, I’ll never challenge any rate above 70% again, so because CPC < 0.8, 77% chances a green close tomorrow. Also since CPC < 0.8, a firework trading setup was triggered today.

Again tonight I’ll talk about overbought, negative divergences, too many gaps etc etc, which I think nobody believes anymore,  which unfortunately I have to write every day. I still believe we’ll see a little bigger pullback, just it’s not a reason to short. We all know “not to catch a falling knife”, well, picking a top isn’t easy either.