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Strategies & Market Trends : STO AV/DB Workshop

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To: SGJ who wrote (25)3/22/2012 11:16:48 AM
From: SGJ  Read Replies (1) of 93
 
SPX: Here we are....down as predicted. All the shorter time periods are bottoming out and a bounce is to be expected. How high it goes on the bounce will determine intermediate term direction. I am going to be looking for DB's on the 5-60 min. If we get them, more down is coming and the DAILY should then get a sell signal too, which indicates a more meanigful downdraft is ahead. If the STO and RSI array moves up over 50 and all get a PPO buy signal, the Daily should strengthen and remain bullish. Would reinstate longs at that point.
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