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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.310.0%4:00 PM EST

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To: GROUND ZERO™ who wrote (32800)5/29/2012 9:18:06 AM
From: FCom7771 Recommendation  Read Replies (1) of 218710
 
Not so sure how big an if it is as we are currently trading higher ...

Was asking more to double check the signal calculation rather than the potential accuracy of the signal ...

We will see how things pan out ...

Also, often after a long holiday weekend for an oversold market - a change in psychology takes place when the traders return and the market moves in the opposite direction.

A rally to the 200 or 50 day average is probably likely ... but I'd suggest being quicker than normal to take profits since the bear could return very quickly ...

just a thought ...
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