Good morning Brad and everyone else.
Tom, Nemer, and OJ thanks for the kind words about my efforts but it really isn't necessary. I just needed to respond to St Antonio, and show him that although I'm not as great at being a friend as he is, I try damn hard to please.
Anyway, as far as my numbers are concerned, we are still in a bullish trend if the futures and SPX are BOTH above 916.
Here's today's data:
SPX---
1035.71
967.89
944.87
piv:900.07
877.05
832.25
764.43
Below 900 is a bearish signal.
SPZ7:
1076.17
988.17
956.33
piv:900.17
868.33
812.17
724.17
Same thing....below 900 is a bearish signal.
Brad, I agree with the consensus here from Tom, you, Jim, Don, and others...we may see an early rally but it won't last. I was just hoping that the forewign markets would help fuel a quick rally to my first res level before selling off. I'll be ready to sell out of my position at the first signs of weakness.
Talk to you later. |
