Market Sense and Sentiment

[bbgold]

Potential LOD crossovers
All of the indexes have the DMI- crossing under the ADX. Remember that this is a Potential signal and needs to be verified by the ADX turning down and the DMI+ rising. A lot of times the Potential LOD is not the Actual LOD but can be fairly close unless we get a false signal and a +200 point day. Keep an eye on the ADX as that will signal the Trend Strength. So far we have a steadily increasing ADX which is showing a fairly strong downtrend. We will have to see if that continues. Might want to lock in some Put profits if we do not move below 8550, maybe :^)

Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!