Here is a ninety minute chart with Blue Wave signals embedded:
Now the ATR chart:
Make no mistake, I am waiting for and anticipating the floor falling out from underneath this market. But the trend never lies. With both of these systems, it looks like it will take another 8-10 points lower, beneath Tuesday's closing SPX, to trigger a Sell.
Speaking of bears being bullish:
How A Bear Can Be Bullish And Still Be Right
Bob Prechter: the only good label is an Elliott wave label...
September 8, 2009 (click to read)