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Here's some interesting indicator readings in the SP500:
Indicators:
Downs Fear Index- A proprietary mathematical model of emotion.
APRT theory - A proprietary statistical pattern indictor which gives
statistical probababilities.
SP RANGE : A proprietary indicator designed to find the expected weekly
Highs and lows of the SP500.
Indications:
SP 500 Reversal day
APRT and SP RANGE High at 1070.80
Probabilty of prices higher than yesterday's High : 80%
Probablilty of a close higher than yesterday's High : 47%
Probabilty of excessive volatility spike in next 4 trading days : 80%
APRT and SP Range weekly low at: 1058.35 (The market has met it's
projected low by trading below the projection, to 1056.80 before
reversing.)
Given the above info, I'll wait for the market to trade higher today,
and then place a sell-stop order a couple of ticks below yesterday's
high.
The volatility indications imply that once the SP starts rolling to
the downside or upside, the move is very likely to accelerate.
Walt Downs
CIS Trading
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