Bulls vs. Bears and Market Summary on 4Jun-2010

Short Term Bulls vs. Bears Scoring System
Short-term buy signal: Bulls>Bears and Bulls>=25; Sell signal: Bears>Bulls and Bears>=25				Signal History
Comments: Well, folks, as you can see, the bulls vs. bears model is not a holy grail. Today's action proves yet again trying to pick a bottom is a costly business. I will not go long any stocks unless SPY closes above the trendline on closes basis(as shown in the plot at the end of the post). Hope you did better than me. Thanks for visiting; Have a great weekend.
Summary of S&P 500 Stocks Daily Price Change Behavior Model 6/4/2010
Type of Daily Move	# of Stocks	Percent of all stocks	Avg Move	Symbols of the Moves
UP over 2 STD	0	.	0	Click here to show stocks
UP between 1 to 2 STD	0	.	0	Click here to show stocks
UP between 0 to 1 STD	4	0.8	0.09
DOWN between 0 to 1 STD	69	13.86	-0.64
DOWN between 1 to 2 STD	349	70.08	-1.53	Click here to show stocks
DOWN over 2 STD	77	15.46	-2.22	Click here to show stocks
Total # of UP Moves	4	0.8	0.09
Total # of DOWN Moves	495	99.4	-1.52
Total	498	100	-1.51
Note:
				How to read this table
Intermediate Term Market Mode
Comments:
Long Term ZigZag View of SPY
Comments: The market is sick, it officially enters into the lower diamond, thus I expect it will go down further. First target is around 103.