August 11, 2009

08/11/2009 intraday update

Asian market is down big now, finally.

 

 

the trading hour is over.  Just a quick chart for review.  SPY 15min chart.  it seems that market finished a breaking down-retest-heading down process and I see more downside from here in the short term. 

 

image

 

11:21am

based on the current pattern, today could be the trend day and may close at low of the day.  Market is pulled up every time in the past few weeks, let’s see if the tide has changed…

I get extremely busy past few days and situation may continue for one more week.  i will try to update as long as i have time.

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