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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (47291)	11/21/2011 10:39:18 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 72576

Hard to draw a conclusion from today's trading. Monday is usually a light news day as it takes time for the news crews to re-start up for the week. In addition we have the typical holiday effect sell off. Whether we get a post holiday rally after the US Thanksgiving is unknown given the volatility. SP500 sell signal triggered on Thursday and confirmed on Friday. Today is day three of the sell off we expect a reversal day tomorrow or the next day. Sell signal trigger on DOW today. It still needs a confirmation day. Dow Utilities tiggered a sell signal today, but it needs a confirmation day and it still has the possible to reverse with only a small movement in the index. COMPQ triggered a sell signal on Thursday and confirmed on Friday. Today was day three of the sell off we expect a reversal day tomorrow or the day after.