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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 680.28

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4:00 PM EST

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To: Lachesis Atropos who wrote (17405)	7/30/1998 4:21:00 PM
From: Johnny Canuck	Read Replies (2) of 68488

Hi Lachesis, It seems this indicator worked pretty well this time. My general feeling is that there will be more money to be made on the short side then the long side for the the next few weeks. The sell signals I got on the DJUA, DJTA, DOW30, Russell 3000, SOX, NDX, OEX, and SPY coupled with the 30 year bonds yields moving above their 6 month moving average indicates money is coming out of the broader market, but not going into bonds. It seems to indicate money is not moving into safer asset classes but just being parked.That fact plus the fact that September is statistically a down month indicates it is a good time to go to cash and go to the beach instead of watching the market. Either that or go short. I am using the 13-26-13 MACD and OBV with a 30 day linear regression line as the trigger line right now as the primary indicators on the indices. The weather here in BC has been brutally hot (35 degree celcisus). That is hot by Vancouver standards anyway. It would be great except that there is no air conditioning at work. We finally got a break from the heat today. It is cool and breezy. It has been a particularly dry summer and spring so far, so you are picking a great time to come back for a visit. I don't know how people are surviving in places like Texas though. I saw some of the footage on the TV. I was sweating just looking at it. Harry .

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