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S&P 500
5,459.10
(
1.11%
)
US TECH 100
18,514.00
(
1.00%
)
Dow Jones
40,589.34
(
1.64%
)
Brent Oil
80.50
(
-0.10%
)
Bitcoin
68,656.47
(
0.56%
)
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Oddlot

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Oddlot

Re: None

Thursday, 10/25/2012 3:02:35 PM

Thursday, October 25, 2012 3:02:35 PM

Post# of 37920
SPY: all cycles out to 6.5 weeks have given buy signals, so the rally is on. How far? I made the case yesterday for shorts 143-144 SPY. Today, given the look of the daily with the volume pivot at 142.58 having confirmed the LT downtrend and the gap down which is now above us, I would expect heavy selling 142.50-143.00. My plan is to monitor CCI related to 8-10 days and RSI for coincident overbought conditions, and take some shorts. On subsequent CCI sells, will take more. 13 week low due approx 12/1.
Oddlot
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