Tuesday, February 22, 2011

Change in Trend??

I think we need to see the strength of the next rally.The trend is down as long as we don't close above Spx 1325.65 but I think that 1333.20 maybe the watch number.
Today was almost a carbon copy of the 28th plunge. upvol 13% vs 9% today, trin 1.30 vs 1.15,tick -653 vs - 634 and the vix over 20 both times.. I think we open higher then ????
The only thing that is showing this market is getting weak is the % of stocks above there 50 day m.a..
Where the circle is, is the 28th plunge

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