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 695.49

+0.4%

Jan 27 4:00 PM EST

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To: GROUND ZERO™ who wrote (41478)	12/8/2012 2:59:01 AM
From: Vendit™	Read Replies (1) of 222532

The DOW will move up at open as will the SPY but both are technically high as measured with shorter term oscillators. Longer term momentum is up so a day or two on the upside with resistance at 13,237.75 Upper resistance levels on both GOLD and the DOW/SPY are simply targets to be aware of because they can be breached for more upside or can act as reversal points. The key is to watch the shorter term oscillators stochastic and faster Williams R to see if you have a true reversal of continued upward movement once resistance has been reached. Signal direction will tell you what to do depending on your trading preference - Day Traders will exist on stochs and williams down turn sell signals viewed in 1, 15 and 30 minute views whereas a Swing Trader will wait for a daily signal confirmation to stay in or exit.

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