Wednesday, January 11, 2012

Hold confirmed.

No new signal today. System remains 100% short. All things considered, today was a pretty good day... for the bulls. However, with SPY and VIX both up there could be some downside in the near future.
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5 comments:

  1. JoeJanuary 11, 2012 at 4:21 PM

    Looks like a long tailed doji. Just missed a hanging man. Didn't break those previous highs so that's good for the short hopefuls.

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    Replies
    1. sgsullivanJanuary 11, 2012 at 5:45 PM

      I found another useful site, many may already know about ...but here it is: http://barchart.com/

      Delete
  2. JoeJanuary 12, 2012 at 9:28 AM

    Saved so far by the bad economic news. Could be the turning point for the short term.

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  3. JoeJanuary 12, 2012 at 12:47 PM

    That was a major fake out to the down side. Right back to the 1289 resistance area.

    ReplyDelete
  4. AlgyrosJanuary 12, 2012 at 3:15 PM

    J, any sense of where the system is headed today?

    ReplyDelete

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