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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.

Thursday, October 20, 2011

green and red Short term trading signal

for private membership:

for the past 3 days, the (green) and (red) provide a good Short term buy and sell signal.
today, pay attention to if there is a green bullish cross above red for a ST buy signal.

medium term and big picture analysis also provided to members.
several systematic tools also provided for short term trades reference - very high short term successful rate.

Oct 19 market close update:
even though there is a confirmed ST down trend,
but i "feel" bullish if $spx can not firmly take out day low at 1206 of the 61.8% retrace.
if $spx firmly breaks above the ST blue down trend channel, will be an early warning sign of ST trend change to up, and could challenge yesterday's high of 1233.

$vix is at the 89 bar (black curve) resistance, which is good for $spx rally.

volume indicator could be setting up a bullish cross from the bottom territory sometime tomorrow.

breadth indicators show selling power nearly exhausted all the power as red dashed lines are near their extreme.

XXXX is positive on a market down, which is bullish divergence.
opposite to Oct 18's bearish divergence which i had concern on Oct 18's rally.