Bulls vs. Bears and Market Summary on 5-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: 38 to 18 as of today. If I have to guess, I would say mkt rebounds in the next day or so, then may go down again. Depends on how much down and its volume, the market will give us a hint where she wants to go. I draw 3 lines of defense for the bulls in SPY plot (see the end of this post). Today, the 1st line of defense did a good job. If failed, 2nd line of defense, then 3rd. Thank you and Good lucks in your trading.
Summary of S&P 500 Stocks Daily Price Change Behavior Model 5/5/2010
Type of Daily Move	# of Stocks	Percent of all stocks	Avg Move	Symbols of the Moves
UP over 2 STD	5	1	2.23	Click here to show stocks
UP between 1 to 2 STD	21	4.21	1.3	Click here to show stocks
UP between 0 to 1 STD	130	26.05	0.38
DOWN between 0 to 1 STD	252	50.5	-0.48
DOWN between 1 to 2 STD	73	14.63	-1.35	Click here to show stocks
DOWN over 2 STD	18	3.61	-2.62	Click here to show stocks
Total # of UP Moves	156	31.26	0.57
Total # of DOWN Moves	343	68.74	-0.78
Total	499	100	-0.36
Note: 343 downs, but could be much worse.
				How to read this table
Intermediate Term Market Mode
Comments:
Long Term ZigZag View of SPY
Comments: My 3 lines of defense for the bulls.