jeffalvinson
Registered: Nov 2006
Posts: 453 |
04-02-12 03:30 PM
Quote from falconview:
I´m waiting for a bottom in QQQ. With your order for SPY I wondered if you had an early signal or something?
On checking I didn´t see anything yet, more than a range bound type undecided market?
I´m not really expecting a turnaround before tomorrow, or Wednesday? Could happen of course. I do see the quick move both in QQQ and SPY. Not enough in QQQ to make any money though. So I am just watching.
Falcon,
My Signals are based on mathematical formula's and I do have a call signal for today.
"But" even looking at a simple candlestick chart (see attached chart of SPX):
1: The SPX is in an uptrend (higher highs and higher lows).
It then pulled backed for 3 days (March 27, 28, & 29).
2: The last day of the pullback (03-29) formed a hammer candle which is a bullish changing of the guard after a pullback in an uptrend.
3: The day after the hammer candle on March 30 it needed to trade above the high of the March 29 hammer candle to trigger another 3-5 day rally, which it did.
4: Now watch for the SPX to break new highs in the next 3-5 days.
"There falcon, I just gave you "the heart" of a $3,500 Pristine School I went to in the 1990's."
Jeff
 spx 04_02_2012.png
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