I ain't giving up yet, Paul, though I might soon. I'm getting ST shorting signals for the Dow and S&P, and I'm eagerly awaiting the same with the Naz, which is not quite there yet.
Mind you, there could be breakouts to the upside here, of course. The long white candlesticks in the daily charts and the indicators in the weekly charts would seem to support that view.
I'll be very interested to see whether Don got any Class 1 sell signals today. With stochastics close to 100% for the indexes, I'll bet he gets sell signals very soon.
The Fed clearly signaled fears of worse to come. But we can all ignore that, can't we? And we can ignore the NAPM, GDP, jobless rate, Argentina, the airline and insurance industries, etc. After all, it's a virtual reality market. Just a game, with no relation to reality. |
