Re: [RT] What is coming Tuesday

["Ira" <mrira@xxxxxxxxx>]

As I posted on another site.  I have a longer term cycle low coming in on 1/25 and another cycle low coming in on 2/5.  It doesn't tell me whether those lows will be above or below the current price level.  I do not have sell signals on the dialy charts as yet, but I do have some sells on the indexes on the intra day charts.  Set us see how this works out.

 

Just one man's opinion,

Ira

----- Original Message -----

From: Jim White

To: realtraders@xxxxxxxxxxxxxxx

Sent: Saturday, January 16, 2010 7:42 AM

Subject: [RT] What is coming Tuesday

 

Friday was a Near Impulse day for the markets and with bearish trend change warnings in place they responded with the biggest down day of the year. So what does Tuesday look like?

Well all stock indexes continue to show bearish trend change warnings and signals for a lower close. For the NASDAQ 100, I show 45 sell signals verses 14 buy signals and for the DOW 30 it is 13 sells to 4 buys. Now a lot can happen over a three day week end and generally we see some buying after a strong down day but I will be watching the overnight and opening bias closely and probably favoring the  short side.

 

Jim White
Pivot Research & Trading Co.
PivotTrader.com

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