08/04/2009 After Bell Quick Summary

I have no idea about tomorrow except for one thing: ISEE Indices & ETFs only Index closed above 100, which was discussed here before. From the chart below, I don’t see much edge for bears tomorrow, but if we count 2 days period, then probably it’s a little bit bear friendly.

Again, tonight I’ll talk about overbought, negative divergences, gaps etc etc, which is kind of boring now. I like what Jason from www.sentimentrader.com said the other day:

Every day, it seems like we're playing Russian Roulette with everyone else and one of these days the buyers will get a live round. But until then, we're nervously hearing that empty click every time sellers try to pull the trigger.

The question now is: Are we ever going to get a live round?