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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Friday, April 29, 2011

blance of power

i see the rally is not as strong or impulsive as it appeared to be.
even though market made new highs and the rally since Apr 18 seems quite strong and impulsive, but i did some statistics with data centered at previous top on Apr 6.
the pricing power of up (green) is not greater than the pricing power of down (blue), and the time to achieve the same pricing up and down is about the same (pink boxes). majority of this rally is to recover the loss from Apr 6 down to Apr 18.
i see this rally is tired, once finished, short term should get back to the balance point on Apr 6 high or the black line as a minimum.