Tuesday, December 14, 2010

12-14 cycles update

Today saw the CCI drop below the +100 level triggering a cycle "sell" signal.  Second, the 22 day cycle top is a "weak sell" signal.  Third, my projections show intersection of the upper envelope channel lines (a "sell" signal).

So all the signals are in place.  Suprised we closed green today even if just barely on S&P.   With cycles signals on "sell" and given all the other indicators (see prior post) - can the bulls continue to push higher.  I suppose it is possible, but I'd put the odds 3 to 1 in favor of a pullback.

Here is the SPY - see for yourself:


GL trading.

No comments:

Post a Comment