Tagged "7DaysRule"
Two cents:
- The red day today violated the 7 Days Rule, so it added some credit to my big picture evil plan.
The bottom line, expect a pullback of some kind as early as the next Monday. The size of the pullback would help to confirm the big picture evil plan which I’d like to maintain for now. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
First of all, for December and Christmas Seasonality please refer to Trader’s Calendar on the top right corner of the main page. [Read the Rest]
...SHORT-TERM: WE MIGHT HAVE ONLY ONE DOWN DAY UNTIL FOMC
The big picture, because SPX didn’t exceed the height of the tinted area, within the time represented by the width of the tinted area, so again it proves the rebound is weaker than the previous 2 times (a > a’, b < b’, time spent on B < time spent on C), therefore I’ll maintain my view that what we have so far is just a rebound. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
No conclusion today, need see tomorrow. According to the 7-Day Rule, since we had a down day today, so this means absolutely no red day for the rest 3 days, otherwise we’ll have another evidence arguing what we had till now is merely a rebound. [Read the Rest]
...SHORT-TERM: EXPECT THE REBOUND TO FAIL EVENTUALLY
Maintain the call that the rebound eventually will fail. I’ve been mentioning lots of reasons in 08/02 Market Outlook, 08/05 Market Outlook and 08/08 Market Outlook, so won’t blah blah here again. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
Nothing new, if disregard the debt ceiling news in Friday’s AH and the market actions, the chart pattern looks very bullish. [Read the Rest]
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