Bulls vs. Bears and Market Summary on 3-MAY-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: If you are windering why the bulls' scores only gained 1 point, it is because the volume is low.  I don't know how the indices can go up that much with such low volume. Anyway, if you are a day trader, you are probably enjoying the volatility; if you are a swing trader, you are being whipsawed. Here is the whipsaw song by the famous Ed Seykota you may want to listen. WhipSaw song
Summary of S&P 500 Stocks Daily Price Change Behavior Model 5/3/2010
Type of Daily Move	# of Stocks	Percent of all stocks	Avg Move	Symbols of the Moves
UP over 2 STD	40	8.02	2.41	Click here to show stocks
UP between 1 to 2 STD	184	36.87	1.39	Click here to show stocks
UP between 0 to 1 STD	204	40.88	0.52
DOWN between 0 to 1 STD	58	11.62	-0.29
DOWN between 1 to 2 STD	11	2.2	-1.37	Click here to show stocks
DOWN over 2 STD	2	0.4	-2.4	Click here to show stocks
Total # of UP Moves	428	85.77	1.07
Total # of DOWN Moves	71	14.23	-0.52
Total	499	100	0.85
Note: Bulls had a great day; again dip buying works, amazing.
				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 stays within the yellow diamond. The market is in range bound.