I don't usually do this, but a very trusty daily indicator of mine has just signaled Bullish yesterday and is still in force today. This does not mean a big up move, but only says the odds right now say up even with yesterdays selloff. In the two periods I am watching, June 2000 and June 2010, when this situation occured it was higher prices for about the next month. This is based on the NDX chart. In 2000 it chopped around and eventually went up some. In 2010 the following day of the signal in the same position as today, the NDX dropped intraday in the AM and then rallied hard like 50 pts. The NDX could easily run 70 to 100 points. Just sayin! Have a good weekend all. Alan
My Trusty Indicator
Started by
CRUISENAL
, Jun 22 2012 04:57 PM
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