Market stages too confused

...cont'd from yesterday...

Cont’d example of my application of Stan Weinstein’s Stan Weinstein's Secrets For Profiting in Bull and Bear Markets for the purpose of deciding whether to buy, sell or keep my money safely tucked away in my mattress.

WARNING: The contents hereof shall not be construed or relied upon as investment advice, and the contents herein shall not be relied upon to do anything or refrain from doing anything.

Yesterday, April 30, 2009, SPY showed the following at the end of the day after all trading had been completed yesterday.

Day Chart. Stage 2. Second bar since ricocheting upwards, closed lower than open.

Hourly Chart. Stage 2, closed near rising 21 Moving Average.

Half-Hourly Chart. Stage 4.

Quarter Hour Chart. Stage 4.

Inferences at the Open of today.
The Charts in the aforesaid time frames are mixed. Therefore, expect trading to be choppy until they all get into the same Stage.

Decision.
Wait until all the four time frames above are unanimous. If they all go to Stage 4, then short sell anywhere near the 21 Moving Average. If they all go to Stage 2, then buy anywhere near the 21 Moving Average.

Results.

SPY was in diverse stages among the different time frames throughout the day. Money was kept safely hidden in mattress pending unanimous condition among the market stages.

...back next week...

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