Wednesday, May 25, 2011

Alert 2 PTI weak for Wednesday

As we look at Advanced Get above we notice the PTI is offering a wave 5 failure. Target could be 1303 to 1294. I had thought Sunday the low would be Tuesday but Tuesday didn't act right. I will admit a few smarter than me were also confirming low not in yet. I hope we are right.
Bullish-Indicators vix + spx offers a buy 70% correct.
Bearish indicators PC ratio bearish, Isee,My trending model on a sell since 5-9 @ 1340, some spread sheet work. (upvol and ratios)

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Below
Stocks above the 50 dma are close to a sell

click on image to enlarge.
"" Jerryo1314@yahoo.com """

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