03/16/2010 After Bell Quick Summary

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OK, here we go, the new record of 13 consecutive up days for SPY. Will it go for another record tomorrow? Well, at least one of my tricks says so: when CPC <= 0.81, 33 out of 42 times (79%) a green day the next day.


There’s a little catch though – the traditional post FOMC day reversal pattern for tomorrow – I don’t think it’s as reliable as the CPC <= 0.81, but as this is the very first time for a long long time I said there’s a catch for the green day the next day, so maybe, probably, possibly, it might work tomorrow although personally I really don’t believe that we will see any red day ever. LOL


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