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 670.21

-1.1%

Nov 6 4:00 PM EST

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To: Tweets Boar Hog who wrote (179824)	10/1/2022 12:39:40 PM
From: robert b furman	9 Recommendations Recommended By codfish23 da_spot ItstheJourney Katelew mark2market and 4 more members Read Replies (1) of 218515

Clx is now strongly supportive on both the 10 and 30 day for the next one to two weeks, especially the second week out. The bottomspotter calculation is at -36. The March 20th of 2000 ithit - 55 for 2-3 days. The spread between the 10 sma of clx and clxpp is still growing larger- the bottoms' arrival will begin with the spread narrowing giving a hint of reversal early. We are very close to a reversal but the initial timing has a day to several days to go from what my daily calculations suggest. I'm comparing the clx numbers to the Covid decline starting from the DOW Low on 3/23/20. Clx studies went positive 3 days after the Dow low at 18213.65 on 3/26/20. The reversal on 3/26 was later confirmed by the 3 day sma clx going positive on April 6th. Patience is a virtue as that buy finger gets itchy. Heck I've been selling puts for a week and bot some T at $15.50 for a juicy dividend yield of 7.2% I do clx daily and will update to all who share here so generously. Bob

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