Wednesday, February 10, 2010

Bulls vs. Bears and Market Summary on 10-Feb-2010

Market Summary Updated Based on Market Close of 10-Feb-2010
Bulls vs. Bears Score System (Short Term)
Very healthy pullback today after a big run yesterday. Both Bull and Bear scores drop, but bulls still lead by 1.  I am short-term bullish as long as the last Friday's low does not violated.
Current Market Mode (Intermediate Term)
INDEXCurrentModeSignalDateandPriceModeChangePrice
DOWSELL21-Jan-2010at10389Whendailycloseprice>10275modewillbeBUY
S&P500SELL21-Jan-2010at1116Whendailycloseprice>1100modewillbeBUY
NASADQSELL22-Jan-2010at2205Whendailycloseprice>2241modewillbeBUY
Note: The "Mode Change Price" may change each day.This is as of 10-Feb-2010
ZigZag View of SPY (Long Term)
Long term still UP TREND.
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