Seven Sentinels

While all seven sentinels went to "sell" today, they did so against rising momentum overall. Thus by my rules, no signal...yet. My expectation, fwiw, is that we will see highs ahead, above those of last week, but unless the moving averages keep advancing, then the very next SS sell will be actionable. Good Trading, D.

Edited by IYB, 09 April 2008 - 05:58 PM.

The signal given yesterday has NOT been negated. Today's pullback was very well contained, and the signal remains intact. I'll be accumulating in A/M and AM for a swing trade over coming weeks. Good Trading to All, D

Good one Don.

SPX is 50 points above the March 19th close.

Thanks Don...what exactly does all going to buy simultaneously mean? on THE same day? or +/- some number of days? also, in today's example, a sell which you didn't take...can they go into a sell when the MA turn down? or not at all on this signal since it didn't happen at once?

Thanks Don...what exactly does all going to buy simultaneously mean? on THE same day? or +/- some number of days? also, in today's example, a sell which you didn't take...can they go into a sell when the MA turn down? or not at all on this signal since it didn't happen at once?

Yes- same day. Typically MA's will show divergences prior to a real reversal of trend- they have not yet done so.

On a related point- a prominent trader/analyst here pointed out by PM that TRINQ was NOT on sell today, which I'd somehow overlooked. I appreciate the heads up. That really doesn't change much, though as the uptrend remains unbroken, but likely getting "long in the tooth" Best, D

thx ,the up date is all ways welcome. Y a a ,T E A M..