12/17/2009 After Bell Quick Summary


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Magic red Thursday again, very interesting. I found that as long as we have magic green Monday then there’ll be a magic red Thursday. Hence, logically, should be a reversal Friday tomorrow and then magic green Monday again and so on… We’ll see.

MagicThursday

Anyway, good news is the Bearish Island Reversal became higher and higher, the market did make a little progress by inching higher.

SPY30min

The bad news is a Descending Triangle could be in the forming which has 64% chances of breaking on the downside, so there could be more downside tomorrow. Well, you may want to bet on the upside now because of RIMM ER. I don’t know as I mean to provide you with some info here so at least I should pretend to be objective. LOL

SPY15min

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