Tuesday, January 8, 2013

NYMO looks like it offers a sell.signal.

 Update vix + spx down = upday 70% of the time. I have had the 9th as a reaction day for quit awhile.
At first I thought it would be up but could be big move in both directions.

 CHART
Crossing the green line on the NYMO should offer lower prices. That price on the SPX better be 1445.31 or lower soon.
That is 1/2 the big bar move.
We waste days going down only a little starts to offer other thoughts.
I don't want a sideway's market here.
The market moved so fast that indicator have yet to catch up.

Jerry O


On my lower chart I reread the cycles book by Clif Droke and my April low maybe a little too early.
I will adjust it when I see what Gann line it wants to follow down.

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