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 695.17

+0.2%

4:00 PM EST

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To: fred woodall who wrote (54969)	10/11/2013 11:25:44 AM
From: Kirk ©	Read Replies (1) of 221641

Could be. It would not surprise me if they pushed it down to the 200-DMA using fear over the jackasses in DC not working together. But, it might not be necessary as they reformulated the DOW to give it more volatility and look at the chart in today's article: Yield Seekers Surge The Dow After Rare Penetration Of Its 200 Day Moving Average showing it just touched it then surged. Biggest worry is ECRI's leading indicators plunged again today after making a 177 week high last week. SPY 2.2% Off Record High While ECRI's WLI At 3-Year High I'd have felt a lot better if they continued higher. With the shutdown, it doesn't look good for the next few weeks either.

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