Buy and Sell Signals, and Other Market Perspectives Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: chartseer who wrote (33750)	6/15/2012 9:38:46 AM
From: FCom777	Read Replies (3) of 219202

fwiw ... the composite of individual stocks I track supports your view ... that's not to say that the PTB won't push prices the other way ... but the overall market looks very sick ... below is the index price chart with 50 and 200 day moving averages. Usually, 50 day MAvg cross overs give decent signals ... we're still well below the 50 day and the 50 day has now moved below the 200 day .... suggesting the longer term move is lower .... I'll post the p&F of the same index in a second post which shows formidable overhead resistance ... but then again - in a seriously manipulated market - the PTB feed off the bears and they could just be setting the market up for their next ka-ching ... the 10 oscillator of 10 day price difference crossed the zero line to the up side ... good luck .... I'm personally waiting for a buy signal at much lower prices ... really don't like this market at all ...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next