Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (10812)	9/30/2010 10:14:48 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 220384

I'm still watching the monthly SPY. That was a nice move this month, and left an interesting candlestick. I would suspect a retracement in October. The question is how far it will go? Was all of this a head-fake and we finally see that H&S formation fulfilled on the SPY? bigcharts.marketwatch.com If one looks at the weekly SPX, we can see that it seldom trades outside of it's weekly bollinger bands and we're at the top of them now: bigcharts.marketwatch.com Also, that weekly chart is VERY interesting since it reflects the 100 week MA. A chap I met on Yahoo brought it to my attention. You'll see that the 100 week MA has never traded outside of the bollinger bands. And when it rolls over, the SPX get's slammed. It was flat-lining for most of the summer, but now appears to be attempting to trend upward. But the ADX is declining, so that could be the sell signal we were looking for. Hawk