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


To: Hawkmoon who wrote (39226)10/21/2012 10:34:11 AM
From: GROUND ZERO™  Respond to of 219202
 
I agree, it doesn't look friendly, that's for sure... but the selling did stop at the 50 DMA, and here's where we are as of Friday's close... if we break below this level, then I suspect it could keep on going...



GZ



To: Hawkmoon who wrote (39226)10/21/2012 12:09:50 PM
From: SGJ  Read Replies (1) | Respond to of 219202
 
Monthly readings move much slower. Sort of like the largest gear wheel on a clock. A year could go by before the current Monthly BB gets too extreme, even from where it is now. On the Daily that reading becomes a concern. But note where the SPX is on the Daily BB now, just 8 points from the bottom.