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Post# of 1590
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northam43

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northam43

Re: northam43 post# 779

Thursday, 12/16/2010 7:58:50 PM

Thursday, December 16, 2010 7:58:50 PM

Post# of 1590
SPX Cycles Alert:

The SPX Daily Phase II completed it's 12th trading day. So it has now exceeded the duration of the last Phase I which was 11 trading days. It is normal for a Phase II to be longer than a Phase I during a Bull Market.

Today the SPX closed only 4 points off it's cycle high. So it looks like the Daily Phase II continues on.

I still believe the 1300 level is in striking distance.

My current trading status is HOLD

My current trading status will remain in effect until changed.

JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."


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