Tuesday, October 26, 2010

On watch

On watch for a sell signal.
1172.74 on a close basis would do it.
Problem: we are 12.88 Spx away, other sells have been in the 5 point range.
That is why I call this on watch, not an alert.

This is the first trend signal I have had since 10-4 but next day opened much higher and was cancelled.
The 26th has many clusters of cycles. seen below.
Jerry

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