11/12/2010 After Bell Quick Summary

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First of all, something was wrong about the feed of this blog recently, looks like FeedBurner doesn’t allow full contents feed anymore, so I have to change the feed content to short from full. I’ll investigate more to see if there’s anyway to make a full contents feed again. Meanwhile, I just want all of you to know that for 3 years, I never missed a single day so if you use feed reader to visit my blog (those who use Internet browser to visit my blog will have no problem at anytime unless the blogspot.com is down) and see I have no update for the day, then chances are very very high (99.99%) that something is wrong with the feed, in this case, please check my blog directly, thanks.

The bottom line, the short-term trend is down. I hold tiny tiny little little short position over the weekend (virtually you can consider I’m empty handed).

I see no tricks so far for the next Monday except according to the Stock Trader’s Almanac, Monday before November Expiration, Dow down 7 of last 10, but the whole expiration week was up 13 of last 16.

Chart pattern wise, I see a possible Descending Triangle breakdown targeting the FOMC day low. While the rebound before the close looks like a Bear Flag, so chances a little little better we may see the market continue down the next Monday.


Enjoy your weekend!

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