Thursday, March 11, 2010

SPX Hourly

This is the primary timing indicator that I use for short term trading.  I've left off the price axis, but the email list knows where this one flips Short.  With market conditions so overbought and ripe for a set-back, turning down here seems likely.  But we area taking this one step at a time and the above chart has to turn negative for that first step.  If and when, we will deal with at that time.

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