3:55pm: Hold confirmed.
2:40pm: We will probably get a sell signal today. (Edit: There is a slight chance of a hold signal...check back later) No short signal, though. This could mean there is more upside, and if someone doesn't mind a little risk they could hold their longs and try to get some more of their money back. If we get a sell, I would not advise this. I follow the system with no exceptions.
Bad reaction to Bernenke. Not very encouraging information.
ReplyDeleteany reason to the hold decision?
ReplyDeleteProbably more upside... in fact, we just missed an unhealthy buy signal, which gives me a bit more confidence that we'll see more up than down the next few days.
ReplyDeletelol we are a long way from home right now J lol your last buy is pretty far away, but i'm in the same boat, gluck to us :)
ReplyDeleteNot looking good tonight. S and P futures have sold off below the close to 1281. Need some good news to get this thing turned around and headed back up.
ReplyDeleteYes, the market is acting unusually weak. And the S&P is still ~20 pts from strong support. Not looking good.
ReplyDeleteFound some support at the 1276.25 S&P futures this morning and looks like the early making of a possible hammer or doji if it will hold today. Got to get this uptrend started somewhere.
ReplyDeleteBroke the over night downward trend line. Let's hope the opening is kind.
ReplyDeleteThe dollar just killed that rally.
ReplyDeletePositive divergence on the 15 minute chart. Need something to start soon.
ReplyDelete