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 680.44

+0.6%

Dec 19 4:00 PM EST

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To: GROUND ZERO™ who wrote (56510)	1/13/2014 11:30:17 PM
From: Vitas	Read Replies (1) of 220480

Your instinct was right! Looks like the SPX Gann line was the correct one to use. What do you think the odds are of an extended correction versus a snap back rally back over the Gann line over the next few days? The time factor expires tomorrow. The only thing keeping me slightly bullish at this point is a version of WSJ money flow that went above its 50 day moving average last Tuesday. If it goes back under then I'll have to be short term bearish, though I don't think I have the right set up for a significant top yet.

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