All Allan: Weekly SELL on Triangles

Monday, June 22, 2009

Weekly SELL on Triangles

First of the longer-term trend models to drop, Market Club's Weekly S&P chart has triggered a SELL SIGNAL @ 903.78, reversing a BUY generated March 18, 2009 @ 780.12:

Blue Wave S&P Weekly will flip SHORT at 873.22:

Blue Wave 120-minute already well entrenched in SELL MODE, targeting 840:

2 comments:

Wayne said...: thx Allan, yep I flipped on the weekly triangle sell, looks like it would take a rise into the 950's to reverse that.

Regards,
Wayne; 10:23 AM
The Sound Center said...: Here we go...

Short the shrinking phone book since June 9.; 12:55 PM

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Originally from Detroit, Michigan, I attended Mumford H.S. the University of Michigan (BA), Suffolk Law School in Boston (JD) and Emory Law in Atlanta (LLM-Taxation ). Thus, with way too much formal education, I opened up my own law practice in Atlanta and closed it down 15 years later, whereupon I moved to the beach, Kiawah Island SC, to trade for a living. I made a fortune in the great bull market of the nineties, than lost 80% of it back in the great bear market of 2000-2002. On a cross-country auto trip in the summer of '03, I thought up a day-trading system for stocks that I then implemented, real time, real money, real success, starting in July of 2003. I continue to trade my system, with some significant modifications made in the fall of 2004 i.e. added a module for insider buying. Yes, there is more to me then this vocation (read: passion), but let's not get too personal.......not yet, anyway.

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Monday, June 22, 2009

Weekly SELL on Triangles

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