April 6, 2009

3:14pm

market is very choppy has been traded in a narrow range for four hours.  this kind of consolidation usually leads to huge run.  i can not tell now though i prefer more on bear side.

2:53pm

A false breakout just now.  now it’s run the other way north.

2:35pm

wedge. on quite some index ETFs.  Financials are the 1st to break down.  check it out below.

image

2:33pm

reviewed some charts and it seems that 845 is the intermediate top.  many topping signals across the board.

OK, will take a break here.  Let the stop do its own work.

2:17pm

just check the intraday sentiment data, it’s quite neutral

http://www.ise.com/WebForm/viewPage.aspx?categoryId=126&header2=true&menu0=true

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