Note: the Abnormal Market Filter stands at 73% and the readings above have been reduced to reflect that. Trade with care folks. — michael
http://marketsci.wordpress.com/state-of-the-market/
Lady
Note: the Abnormal Market Filter stands at 73% and the readings above have been reduced to reflect that. Trade with care folks. — michael
http://marketsci.wordpress.com/state-of-the-market/
Lady
If you think education is expensive, try ignorance. - Derek Bok
The S&P is trading at 741 as I write this. It's been below, and above. The close is important to a lot of traders / investors. Above bullish - below bearish.
One or even two closes below 741 does not automatically constitute a breakdown. I will look for 3 closes below 741 before I would say to stick a fork in the S&P, and a move to the 600's would then be inevitable.
-- Tom | My Trades
These 100-point swings are actually pretty amazing. A year and a half ago a 100-point move was a 0.7% move. Today it is 1.4%, and it is swinging back and forth at will.
-- Tom | My Trades
Ouch, it seems the indicator didn't get a rise out of the rally
Attachment 19
Last edited by JTH; 05-11-2009 at 09:48 PM.
Candlestick crack addict...