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

To: Fintas who wrote (43906)	1/16/2013 10:01:21 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218544

I agree... GZ

To: Fintas who wrote (43906)	1/16/2013 7:49:41 PM
From: Vendit™	Read Replies (1) \| Respond to of 218544

My $SPX read. He daily trading ranges have moved below the center tine but managed to close above it. (See the chart below) This shows technical weakness. The last four daily candles which show trading action and a battle between long and short positions are as follows: 4 days ago a “harami cross” formed. This is a strong top signal. 3 days ago a ”hanging man” formed. This is another strong top signal. Yesterday another “hanging man" formed. Top signal. Today another ““harami cross” formed. Top signal. All lower signals are still in their sell zones and moving lower. This selling now has more technical down pressure. The MADC histogram shows which directions that momentum is moving and the SPX is headed lower. This is just an educated guess based on the $SPX historical movement but it appears that we have a good chance of moving lower by close tomorrow. All IMHO.