Thursday, September 8, 2011

Buy signal confirmed.

4:10pm: Strong buy signal confirmed.

3:58pm: Looks like a buy signal. Moving to 50% long.

2:25pm: It looks like a close below SPY 119.67 will generate a strong buy signal. Strong because both healthy and unhealthy modes are generating a buy.

Will update later...
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9 comments:

  1. RealMoneyIssuesSeptember 8, 2011 at 3:49 PM

    I'm not sure I am willing to go long with POTUS talking tonite and what seems like a strong pickup (gapping down tomorrow?) here at the close...

    Now I am hoping for a hold... go figure ;)

    ReplyDelete
  2. JoeSeptember 8, 2011 at 3:57 PM

    A no show from Bernanke and the same ole thing from the president tonight will start the finish of the head and shoulders on the ES minis. President better come up with something new and good or we are headed SOUTH!!

    ReplyDelete
  3. RealMoneyIssuesSeptember 8, 2011 at 4:06 PM

    Not sure Joe, I think this market already has his inactivity priced in... maybe he will come up with something good and tomorrow will be up?!?!

    ReplyDelete
  4. JamesSeptember 8, 2011 at 4:11 PM

    My system thinks you are right, RMI.

    ReplyDelete
  5. JoeSeptember 9, 2011 at 9:43 AM

    Too much EURO/$ kicking the market's butt right now along with our no show politicians. Down, Down we go and where we'll land nobody knows.

    ReplyDelete
  6. JoeSeptember 9, 2011 at 9:57 AM

    Found a ledge for now. How long will it hold??

    ReplyDelete
  7. JoeSeptember 9, 2011 at 11:30 AM

    Down we go.

    ReplyDelete
  8. JamesSeptember 9, 2011 at 3:14 PM

    What a wonderful day. Ridiculously craptastic.

    ReplyDelete
  9. JoeSeptember 9, 2011 at 3:18 PM

    When you combine the President and Europe (Greece) you get this kind of a day. Probably going back to that 36 or 35 level maybe even lower depends on what happens in Europe.

    ReplyDelete

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