Bulls vs. Bears and Market Summary on 6-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: The bears score made a new high today. But in the time like this, throw out all technical analysis, because it is useless. I was planning to buy something when the bears over done their thing (i.e., its score over 40), I will not do it in this kind of market. Cash is a position in this kind of market. The bulls are wounded, the dip buyers are scared and hurt, and the bears are more confident and aggressive, and I don't know who will genuinely go out and buy stocks other than daytraders for short-term bounce. It will take a while for people to want to own stocks again. Hope all is OK, and best wishes in your trading. Protect your capital should be #1 priority.
Summary of S&P 500 Stocks Daily Price Change Behavior Model 5/6/2010
Type of Daily Move	# of Stocks	Percent of all stocks	Avg Move	Symbols of the Moves
UP over 2 STD	2	0.4	3.1	Click here to show stocks
UP between 1 to 2 STD	5	1	1.45	Click here to show stocks
UP between 0 to 1 STD	8	1.6	0.23
DOWN between 0 to 1 STD	62	12.42	-0.74
DOWN between 1 to 2 STD	228	45.69	-1.55	Click here to show stocks
DOWN over 2 STD	194	38.88	-2.86	Click here to show stocks
Total # of UP Moves	15	3.01	1.02
Total # of DOWN Moves	484	96.99	-1.97
Total	499	100	-1.88
Note: The technical damage is big for the bulls, also the psychological damage.
				How to read this table
Intermediate Term Market Mode
Comments:
Long Term ZigZag View of SPY
Comments: Today's data even distorted the diamonds in the plot.