I have to believe we’re close to if not at a low now, but I really want to see a healthy final hour before strengthening my opinion.
click chart to enlarge
A Signal
November 20th, 2008 at 1:21pm · 1 Comment
The simple 30 minute chart has produced some good signals over the past few months. Just two indicators are used, cycle-trap and RSI divergence, with one of each type signal occuring within four bars to produce a signal. Here’s the latest look at that chart.
Tags: General Market Commentary · S&P 500
1 response so far ↓
1 deacon31 // Nov 20, 2008 at 2:45 pm
yep, forced selling no signs of abating thus far…
that fib at VIX 73 still in play, and on spooz (SP) 30 min chart the last touch of 72SMA at 870 was a good oystercatching
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