09/23/2009 After Bell Quick Summary

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I got mixed signals, so hard to guess tomorrow. Personally, I’d put more weight on cycles this time because they perfectly pined the intraday high twice and usually work well if multiple cycles converge together. Plus the prophecy raised by the QQQQ’s black bar I’ve been mentioning in the market recap those days, so chances are good that the market is in for a few days pullback.


There’re 2 tricks today, CPCI > 1.55 for up tomorrow while CPCE <= 0.56 for down tomorrow. Who’s going to win? I have no idea. Yes, the last time CPCE won, but it’s the only instance I have, so it doesn’t mean anything.



Also remember the reversed relationship between Fed day and the day after the Fed day? We had a red Fed day today so does it mean a green day tomorrow?


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