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 691.66

-0.1%

Jan 16 4:00 PM EST

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To: GROUND ZERO™ who wrote (40352)	11/14/2012 9:24:21 AM
From: Hawkmoon	Read Replies (1) of 222024

From my read of the hourly on the IWM and SPY, be very careful of this rally.. I'm not seeing a turn up on the MACD on the 60 minute chart, despite the fact that we appear so oversold.. Oversold conditions can last longer than expected.. Click on hourly and 10 days for a view of what I'm seeing.. bigcharts.marketwatch.com This rally in the futures may prove very short-lived and a selling opportunity. And the monthly chart this represents clearly shows more ugliness to the downside is likely.. Hawk

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