12/01/2010 After Bell Quick Summary


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The bottom line, the short-term trend is up. I hold partial long position overnight. My short position was stopped out at open along with part of my long positions in order to limit the losses.

I don’t see any tricks for tomorrow but since today is a Major Accumulation Day (NYSE Up Volume : NYSE Down Volume >= 9), so 74% chances we’ll see a higher high (higher than today’s high) tomorrow and it’s almost guaranteed that today’s high is not THE TOP.

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The huge up today might again awakes the hope that we could all retire earlier (once again I see my dreamy yacht on the horizon), but on a little bit longer term than short-term, however, I might have a different story which I’ll blah blah in tonight’s report, so stay tuned…

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