Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 652.56

-1.5%

Nov 20 4:00 PM EST

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To: GROUND ZERO™ who wrote (26719)	11/21/2011 3:18:48 PM
From: Hawkmoon	Read Replies (3) of 219077

I'm thinking we've seen all the bounce we're going to see today.. My UUP indicator shows that the USD is rallying now on the 30 minute chart after nearly hitting the neutral MACD line. This should give it another push into the close and opening tomorrow, with a short term target of 22.15 and maybe 22.25 tomorrow: Input hourly data.. : bigcharts.marketwatch.com When UUP goes up, I'm short the market indices. I will admit that I'm playing TZA since I think the small caps will be hurt the worst as the instututionals try and prop up the "generals" of the DOW and SPX.. I'm just seeing any support for the SPY/SPX until 1150, which is the lower Weekly Bollinger Band. Then maybe a short bounce from there. But the 20, 50, and 200 DMA are all trending downward now.. Not a good sign. bigcharts.marketwatch.com Hawk

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