Replies to post #137 on SPDR S&P 500 (SPY)

[GLENO34]

be..here are denmo's 6 signals..go long or short when these things happen...
CCI20 crosses zero
CCI60 cross below +100
DI- crosses DI+
Macd crosses down
Slo Stoch crosses down
RSI14 goes below 50...
This will be his down signal to go short on the daily chart..It is almost foolproof..Altho I have seen some of the signals reach the "go short" level and reverse...

[denmo83]

be...

Hi be.

My main chart was waiting for an ADX(12)crossover and an RSI(14) drop below 50. Never happened. Should have just stayed long. Now the MACD(12,26,9) has crossed back over positive above zero. All bullish.

The NASI with 7dma crossed negative, but now has turned back positive. The $BPCOMP with 10 EMA had a kiss, but no crossover. Again, all bullish.

The SPX price has blown through the top of it's weekly channel. Both the SPX and Nasdaq has their prices firmly in place on the 60 minute charts dating back to the June/July lows.

Nothing here would tell me to short.

The headfake by the Nasdaq falling through it's 60 minute channel and the negative crossover by the NASI and SPX MACDE, is why I started scaling out.

That's why I said you all fight it out whilst I sit here counting my loot. LOL!

So it's really not a re-buy signal as much as it was a shoulda never have sold signal.