Tuesday, November 07, 2006

No blowoff !

I was wrong yesterday expecting a blowoff to SPX 1398. SPX went to 1388, double topped and sold off. As we approached the double top area, i posted this heads up on traders-talk.com

http://www.traders-talk.com/mb2/index.php?showtopic=62140

One chart says it all for today ! 60-min is now back on a sell. This signal has a pretty good track record catching the hourly swing turns. Fade it at your own risk.



No comments: