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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 668.73+1.5%Nov 24 4:00 PM EST

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To: GROUND ZERO™ who wrote (56857)1/28/2014 11:36:19 AM
From: Kirk ©  Read Replies (1) of 219288
 
I opened my purse strings yesterday and did some buying. What I bought is still down a tiny bit but I have hopes this change in the "Fear and Greed Index" is a decent signal. I posted a short article:
"With the index starting to move higher after sharp decline below 40, it is possible the current market correction is about over."

My CLX chart says a tradable bottom is close and my support charts suggest we could get a decline to one more support level, but if you use a fat pencil on a long-term chart, it could be close enough.

I was hoping the Crapple news would have given a big flush this AM for a turn-a-round-Tuesday, but I think there is a TON of cash looking for a better yielding home than bonds.
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