Thursday, April 21, 2011 8:20:03 AM
hi slinky,
The $SPX has made its 40 week low, although Sentient is hedging its bets. I think the reason is that we had a bit of a bifurcated market off the 2010 summer lows. Some stocks bottomed in July into the nominal 40 week, and others came late in the first week of September. This could give us some volatility in the coming days, but generally the pressure should be to the upside in this 10 week cycle. I'm still looking for a top by early June.
cheers,
john
http://www.sentienttrader.com/
Sentient view on Monday:
After yesterday's close:
The $SPX has made its 40 week low, although Sentient is hedging its bets. I think the reason is that we had a bit of a bifurcated market off the 2010 summer lows. Some stocks bottomed in July into the nominal 40 week, and others came late in the first week of September. This could give us some volatility in the coming days, but generally the pressure should be to the upside in this 10 week cycle. I'm still looking for a top by early June.
cheers,
john
http://www.sentienttrader.com/
Sentient view on Monday:
After yesterday's close:
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