09/09/2009 After Bell Quick Summary

No charts for this quick summary, because www.stockcharts.com is down. I’ll present some charts from Telechart in tonight’s market recap if www.stockcharts.com still remains down.

The trick I see today is CPCE <= 0.56 which has led to a red day next day 14 out 18 times recently.


About “SPY rose 3 days in a row while volume down 3 days in a row” trading setup I mentioned last night, I did a back test (for the past 9 years) before publishing it, although I just showed you the most recent chart because I believe the visual test of the most recent chart weights more. Should you want more historical statistics, here’s a link from Quantifiable Edges, who coincidently did the same thing last night.

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