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

To: Johnny Canuck who wrote (47670)	4/4/2012 12:20:36 PM
From: Johnny Canuck	Respond to of 69983

Day 2 of the current sell off. Traders may be taking profits in advance of a holiday weekend. A sell signal will be trigger on a break of the support level of the SP500. It is very close to that now. DOW on the verge of a sell signal. For nervous traders the low of the day would have triggered a sell. It is little less clear where the sell signal is on the COMPQ. A break of the 50 day SMA will start the selling for some traders in the absence of a clear support level. Gold back into the negative sloping channel. The start of wedding season may be the time when it finally bounces. Sell signal on the energy sector.