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Setting Fences & signals


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#1 Islander

Islander

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Posted 02 October 2012 - 07:37 PM

Fences and Signals

The fences are set on the OEX 100 Not going below 70 and selling at 60. The basic industrial metals shown are flattening out and a further decline will suggest that an economic slow down in manufacturing is likely underway.

My work shows that bond closed at 149.21, but could move 150 if volume rises, and ultimately 160. Dollar rises as well.

Appears NDX,R2K, and QQQs are weakening but not hurt yet. AApl could jump the creek at at 619 if there is more volume this week.

FTSE was flat, DAX seems to ABC down to 7215, and the IBEX seems headed for more decline.

Getting defensive. Best, Islander

Edited by Islander, 02 October 2012 - 07:38 PM.