Thursday, October 22, 2009

Ok...went short...

There is my count...We did not get a confirmation day on the candle patterns. The vix looks pretty messed up with today's candle engulfing yesterday's which engulfed the day before's...

1 comments:

Carlos JĂșlio said...

Hi Pokerden
Let me send you my 2 cents.
SPX 500 - Monthly - " Follow Trend "
I use some indicators that I created, but I like to follow the traditional indicators.
Important to follow market and follow trend.
Follow the trend is have the opportunity to make money more easily. And that's what all the trades want.
This chart is one of my preferred to see the long term.
With a week over a monthly closing, we have only 50% of bullish signal.
For a bull market I need to see:
1 - Close > Moving Average;
2 - RTS Indicator -> Black line > yellow zone.

http://followmarketrend.blogspot.com/2009/10/spx-500-monthly-follow-trend.html

SPX - Road Map " Bullish Scenario"
http://followmarketrend.blogspot.com/2009/10/spx-road-map-bullish-scenario.html
SPX500 - Weekly Update

**************** Advise ********************
Build short positions > 1080
Fisrt Target [1005,1020] 70%
Secound Target [975,980] 30%
********************************************
Indicator didn`t follow price.
Testing this week again trend Medium vs Long Term.
Market Losing Momentum.
Possible bearish divergence but need confirmation.
http://followmarketrend.blogspot.com/2009/10/spx500-weekly-bearish-divergence.html
Nice weekend for all