May 26, 2009

5/26 intraday update

4:50pm

market close with very low CPC and CPCE.  Tomorrow will not be a happy day for bulls based on statistics.

Coin say tomorrow is down again.  ha, it’s been predicting down for a while, since both sides are down!  :)

 

 

2:29pm

I will not change my view till the previous high is taken out.   It’s a bear flag on 5mins charts to me with big negative divergence.

 

 

2:10pm

Market is strong.  But one day does not change a trend.  i think it’s a good short entry position at current 911 level.

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