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S&P 500
5,633.91
(
0.00%
)
US TECH 100
20,101.60
(
-0.08%
)
Dow Jones
39,721.36
(
0.00%
)
Brent Oil
85.13
(
0.09%
)
Bitcoin
59,269.82
(
2.62%
)
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northam43

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northam43

Re: Torqputty post# 1420

Wednesday, 11/30/2011 10:49:33 AM

Wednesday, November 30, 2011 10:49:33 AM

Post# of 2930
The SPX Daily has confirmed a Phase 2, the projected high is 1223.30 which has already been met. The average Daily Phase 2 lasts 9.25 trading days. However, with the SPX 60 min in an extended Phase 2, it could be a short cycle. However, the Weekly is very close to confirming a Phase 2, so if the Weekly confirms a Phase 2 today, the 60 min could go in extended mode for a few more hours.

I'm feeling pretty bullish right now. I will hold off adding SPXU, for now.

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


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