Replies to post #1941 on Advanced Trading Methods

[Y worry Murray]

Last week formed a rare & bearish dragonfly doji. After the SPY bounced off of the 50 MA (200 on the daily) the prior week I believe the bullish correction is over and more downside action is in order for next week. The Force Index is still below zero in spite of 2 weeks of bullish action, this is not bullish.

It is interesting to note that previously in the last 3 years the STO has always bounced off of the 20 but last month the weekly dipped below it. We have yet to see the long wicks formed on the bottom of reversal candles at support in this bear market.

[gloe]

And the signal remains on BUY.