today's newspaper title?

"Despired the worst quarter GDP and possible the fastest spread flu of the decades, Warren Buffet, the black boss of the black boss GS, said he will focus on company issues rather than making joke out of Paris Hilton at company's annual meeting on the coming weekend.

Market is encouraged and soars with 3 digi gain."

things are just getting more crazier..

so far 3 monday gap down drop are "one day wonder"..so not 3rd time is the charm?

$NYSI is crossing its 200 ma..

no comment.

the day turn things around?

thx cobra, 2.8.0 broke again...see if the magic charm works this time or not.



60 min chart, RSI at the rebounce level of since rally begin, plus touching the lower trend line, rebounce is expected. target ESM9 834 and 843.

a few possibles for intermediate & long term view here, we will see how story developed.

intermediate term

1.


2.



Long term

1.


2.


3.

statistic number talks.

http://quantifiableedges.blogspot.com/2009/04/large-gaps-after-market-has-already.html

according to this statistic

1, if SPX gap up open over 1% that day and didnt have previous two days risen, buy at open and sell at close, over 2/3 of the trades were profitable and winners were about the same size as the losers.

2, if spx gap up open over 1% that day and had previouse two days risen, buy at open and sell at close, over 2/3 of the trades as losers. Again winners and losers are about the same size. The solid bullish tendency has switched to solidly bearish.

the March view.

the fresh March monthly chart, the 2nd time we closed below 2002 bear market monthly close right after Feb 2009.

you know what they say, "the longer the time frame is, the more powerful the pattern will be"..so for those believe in pattern speaks, see you all at 450.



there is another evolved pattern similar to double top, "the crown pattern", will this one happen?



no clean cut, for sure market will be choppy in the coming months~