Wednesday, June 09, 2010

A pause that refreshes

Here are a couple of short term trend charts that have just flipped LONG:

SPY 60 minute Trend Model

QQQQ 60 minute Trend Model

Only the nimblest of traders should be playing these, but everyone should be on alert for these models to flip back SHORT.  That would be a marker for the onset of a new leg down.  Today, tomorrow, next week, who knows?  Only if the 240 minute models follow with their own LONG signals would the bearish case need be re-examined. 

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