Wednesday, March 16, 2011


2:20pm.  That didn't take long.  There will be no 2nd buy signal today.  The official signal is now "hold".   I'm not sure where we bottom out.  I'm guessing SPX 1230 to 1240, maybe we just did at 1249? 

2:15pm: Right now, we are getting a strong buy signal.  However, if we dip below the current SPX low of 1251.31 this afternoon, the buy signal will be invalidated and forced back to a "hold", perhaps suggesting lower prices ahead...

11:16am: Looks like we are on track for a 2nd buy signal in the past 3 days.  I will be increasing my long position should the signal hold into the close.

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