Over the weekend I posted a short term chart showing that the S&P should top around 3:00 PM (it topped about 3:40). Here is a S&P chart with projections for tomorrow:
GL traders
Monday, January 10, 2011
1-10 comments and Tue outlook
Today SVA flashed a CCI buy signal early and took off. If you were not paying close attention (and I wasn't) you missed it. The 50 day MA crossed the 200 day MA (from below to above) - and this is a bullish signal usually. Don't chase SVA. If it pulls back to $4.30-4.35 it may be good for a trade. Also, LSE CCI signal became stronger and it moved up. Again - don't chase, but if it pulls back to $5.70 or less it may make a decent trade.
Over the weekend I posted a short term chart showing that the S&P should top around 3:00 PM (it topped about 3:40). Here is a S&P chart with projections for tomorrow:
At or near important reversals the short cycles often give us a good picture of what is likely to happen as longer cycles are turning (flat). If this proves out then tomorrow should be a down day.
GL traders
Over the weekend I posted a short term chart showing that the S&P should top around 3:00 PM (it topped about 3:40). Here is a S&P chart with projections for tomorrow:
GL traders
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Let's hope it plays out......I'm positioned for maximum effect.
ReplyDeleteC_K
ReplyDeleteLooks like I misjudged the strenth of the 5 hr cycle. I'll try to do better. lol
Inlet