Re: [RT] market barometer

[Larry Brown <spreadtrader1234@xxxxxxxxx>]

Hi Ben
 
Last Friday you suggested the S&P at 1045 on Wednesday, Sept 2.
I quote...
 
please be patient before you short sp500
yes we probably break 1016 monday
but from there we make new higher hi on 9/3-9/4,
that the time to nail it,
Ian
low for week 1015
hi wensday 1043-1045
weekly close 1030 plus or minus 5
 
Now (Monday Aug 31) you are saying 980 in 3-5 days.  Do you still expect it to go up and then plummet?
 
Thanks.  I always find your thoughts of interest, but these two posts are leaving me confused.
 
Larry

On Mon, Aug 31, 2009 at 4:58 PM, Ben <profitok@xxxxxxxxxxxxx> wrote:

 

As you can see from the gif attached it made 3 new highs(market barometer is dashed blue lines)

a few days back in the aug 20-25,

and price DID make 3 new highs a few days later

what's now?

it suggests eventually

3-5 buss days  down under 980

have a great  evening

Ben

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