03/16/2010 After Bell Quick Summary

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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