Tuesday, August 9, 2011

Short signal.

As one might imagine, a big up day in an unhealthy market is generating a short signal. However, the numbers going into my system are massive and extreme. It sure looks like there might be room to run to the upside for a few more days, so may want to take my signal with a grain of salt.

I don't know what will happen after the FOMC minutes are released. But if we head lower, there probably won't be a short signal. If we skyrocket into the close, the short signal will get stronger.

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