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


To: Augustus Gloop who wrote (45696)2/8/2013 5:26:10 AM
From: Vendit™1 Recommendation  Read Replies (1) | Respond to of 222022
 
On another note:

The $SPX chart still shows neutral but well overbought lower indicators. The Andrew’s Fork shows that the daily trading range is now in the lower channel of the tines. IE the middle tine support collapsed and another negative hammer formed yesterday meaning the candle shape.

This just means that buyers are beginning to dry up and sellers are becoming more abundant.

Caution should rule the trader’s day.

All IMHO

V