Today may be a major bottom

发信人: yyber (总结过去，展望未来), 信区: Stock
标 题: 简单说一下今天的情况
发信站: BBS 未名空间站 (Tue Sep 16 23:03:45 2008)

1.SPX touched 1170 at market open. On monthly chart，it 50% retreat from
2003 bottom to 2007 top.

2.Today's volume is the largest in past three years,probably past several
years.

3.VIX reached to 33.x and closed with a read candle.

4.CPC was 1.47 yesterday, you can check its history.

5. COMPX finally formed a triple bottom.Actually it opened at 2142, which is
lower than March low and closed above yesterday's close, forming a strong bullish engulfing bar with big volume. Interesting.

6. 20 is a very import support for XLF. It closed below 20 yesterday, opened
at 18 today and climbed all the way up to close at 20.2. Is this a typical
bear trap?

7. There were divergence on NYAD. Simply say, only 210 common stocks made
fresh 52-week lows in the NYSE Composite universe, versus about 450 in July
and over 700 in January.

8. To be continue....

***For trend follower,they need a major a accumulation day and a higher low,
higher high. Some traders may want to see QQQQ above 46 and SPX above 1260
before taking long potions. But I am not that kind of style now. Trend
follow just doesn't work for this kind of market,.