Bulls vs. Bears and Market Summary on 28-APR-2010

Short Term Bulls vs. Bears Scoring System
Short-term buy signal: Bulls>Bears and Bulls>=25; Sell signal: Bears>Bulls and Bears>=25
Comments: Congrats to BIDU holders, it went up to around $710 ah. I believe that "selling volatility before earnings" is a pure gamble play. The market bounced back a little after massive sell-off yesterday. I am not convinced yet the sell off is over, even though dip buyings worked every time for the last few months. However, I don't think the market will go straight down from here either. I believe mkt will be in range bound for the near term. I will post BIDU and GOOG diamondwise charts, and industry group ranking based on price behavior model tonight. Thanks for visiting, and good lucks in your trading.
Summary of S&P 500 Stocks Daily Price Change Behavior Model 4/28/2010
Type of Daily Move	# of Stocks	Percent of all stocks	Avg Move	Symbols of the Moves
UP over 2 STD	27	5.4	2.89	Click here to show stocks
UP between 1 to 2 STD	84	16.8	1.33	Click here to show stocks
UP between 0 to 1 STD	243	48.6	0.44
DOWN between 0 to 1 STD	119	23.8	-0.39
DOWN between 1 to 2 STD	18	3.6	-1.31	Click here to show stocks
DOWN over 2 STD	9	1.8	-3.64	Click here to show stocks
Total # of UP Moves	354	70.8	0.84
Total # of DOWN Moves	146	29.2	-0.7
Total	500	100	0.39
Note: Shorts covering and dip buying helped the bulls today.
				How to read this table
Intermediate Term Market Mode
INDEX	Current Mode	Signal Date and Price	Mode Change Price
DOW	BUY	17-Feb-2010 at 10309	When Daily Close Price < 10967 Mode will be SELL
S&P500	SELL	27-APR-2010 at 1183	When Daily Close Price > 1215 Mode will be BUY
NASADQ	BUY	19-Feb-2010 at 2243	When Daily Close Price < 2444 Mode will be SELL
Comments:
Long Term ZigZag View of SPY
Comments: SPY range bound (stay within the current dimand)  for the near term?