If the market were to sell off to close (today or Monday) below about 1160-1162 versus SPX cash.... that would trigger the sell signal. It's just a matter of time as I read it....unless the internals were to sprouts wings all of the sudden and start outperforming the market instead of deteriorating.
This is ONLY a heads up at this point...Good trading, D
Seven Sentinels Sell Signal
Started by
IYB
, Mar 26 2010 02:02 PM
23 replies to this topic
#1
IYB
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Posted 26 March 2010 - 02:02 PM
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#2
Mr Dev
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Posted 26 March 2010 - 02:14 PM
thanks for the update IYB
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#3
IYB
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Posted 26 March 2010 - 02:18 PM
....and thanks for yours, below, Mr. Dev.thanks for the update IYB
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#6
allan
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Posted 26 March 2010 - 03:10 PM
Thanks for the update, i was expecting the break today.
#7
arbman
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Posted 26 March 2010 - 03:10 PM
SPX 1168 is broken and tested from below on light volume, normally you would think it would gap down below LOD on Monday.
Edited by arbman, 26 March 2010 - 03:15 PM.
#8
jjc
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Posted 26 March 2010 - 04:27 PM
SPX 1168 is broken and tested from below on light volume, normally you would think it would gap down below LOD on Monday.
The thing is; it is Monday.... Not Tuesday... And the weekly pattern is so strong.
I suppose if it where easy, they would call it snowboarding.... (skiiers joke).
#9
arbman
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Posted 26 March 2010 - 05:03 PM
Last Monday, it gapped down and rallied, we can get the cycle low early again, but this time it will probably gap down and stay there. We do need to fuel better this time, I think Tuesday will be a doji or a narrow range day.
#10
jjc
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Posted 26 March 2010 - 05:47 PM
gap down below 1161 and we jump the creek and head down into the hole. To mix metaphors.
