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Strategies & Market Trends : General market lab and commentary

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Robohogs who wrote (142)	2/14/2016 6:14:11 PM
From: Robohogs	of 668

Travelling here so still light posting. Call for major move was right, but in both directions. Thur low was very buyable once day went to green on Nazz - would have lost Thur but got Friday. We could turn down at any point but oversold signals should be good for up to 7-10%, even using 2008 construct, which you all know I think we are not in. This was a double low here at 1812 so theoretically this could be like other non-2015 lows and we could just go with new value leadership. Time will tell. Probably ok to add long with tight losses. We are at a key fib level in SPX cash which just got trashed to upside in futures. We need 15-20 more points and it could then move harder. I am going off some late Friday observations I saw from Fibqueen plus mainly own thoughts here. I have done NO weekend reading and will get to it tomorrow.

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