There have been a couple notable bearish predictions to this
group lately. Normally, I'd ignore these and go with the flow. But my tape
watching over the past week implies the market is headed quickly higher.
Theoretically when earnings start rolling in next week. So much so that these
have bugged me for a couple days. The only fly in this ointment is that volume
has been so low. Which reminds us of the saying, "Never short a dull
market".
If I were a longer term trader I'd position myself for a
bump with a stop at dow 9672.
If I were a day trader I'd believe the beginning of any
energetic move has legs.
regards,
tbr
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of Ben
Sent: Friday, October 09, 2009
9:28 PM
To: realtraders@yahoogroups.com
Cc: astrofin@xxxxxxxxxxs.com
Subject: [RT] sp500
Attach
we are re visiting the Market barometer
Notice
5 days ago it made a higher hi then 9/28,
(Which
resulted today a new closing higher hi?)
Now
for 4 days prices are going higher WITHOUT the barometer confirming
This
will result a NICE decline
Have
a great week end
Ben
profitok@xxxxxxxxxxnet
P, s
Coming
soon
http://www.timing4commodities.com/