Cobra's Market View Private Messaging System shows:
Rydex Bull/Bear RSI Spread chart shows that the market could be bottomed.
|TREND||MOMENTUM||EMOTION||COMMENT - Sample for using the trend table.|
|SPY SETUP||ENTRY DATE||INSTRUCTION||STOP LOSS||Mechanic trading signals for reference only.
Back tested since 2002.
|ST Model||12/10 L||
|Reversal Bar||12/10 L||
INTERMEDIATE-TERM: BULLISH SEASONALITY
Nothing new to say. For details please read 12/14/2009 Market Recap, seasonality wise the following 4 weeks are very bullish.
SHORT-TERM: COULD BE BOTTOMED
Hope you’ve read the After Bell Quick Summary which says there might be a firework ahead. The setup so far worked good. Just pay attention to all the failed cases: if small bar again tomorrow or the firework shoots high then falls to the ground on the same day then most likely this is a failed setup, so be careful.
Rydex Bull/Bear RSI Spread, it’s the differences between Rydex bullish fund inflow and Rydex bearish fund inflow. See green lines in the past, so accordingly, we’re still at a market bottom. Unbelievable, isn’t it?
6.4.3 SPX and FOMC, count green arrows, obviously a green close is most likely on Fed day tomorrow.
0.0.2 SPY Short-term Trading Signals, 4 Doji in a row, I never saw this before, something big is going to happen, no matter you’re bull or bear, just be careful. I know some may say “Bearish Tri Star”, just this candlestick pattern has almost equal chances of breaking on either upside or downside, so it’s actually not a bearish pattern.