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Re: None

Monday, 12/13/2010 7:31:53 AM

Monday, December 13, 2010 7:31:53 AM

Post# of 8308
Two weeks ago the Seven Sentinels flashed a buy signal on two consecutive days. The signal was never confirmed as NYMO failed to hit a new 28 day trading high. Downside action has been very, very limited however, and confirmation may not happen in a timely manner. In fact, it may not even be necessary this time as the market seems to be bent on breaking out to the upside in a big way. Couple that with the sell-off we're seeing in bonds and treasuries along with a tax relief package and POMO and it's tough to bet against higher prices. I am now inclined to view those Seven Sentinel buy signals as valid at this point unless proven otherwise.

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