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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (43045)1/2/2013 8:56:08 PM
From: Keith Feral1 Recommendation  Read Replies (1) | Respond to of 181925
 
The monthly price for the DOW hit the Sept close today at 13412. That keeps the buy signal for the DOW intact for January. Not sure how much backing and filling we might see, but there are a lot of gaps on the charts after today. I won't be shocked at all to see some profit taking tomorrow, especially if the dollar continues to firm. That being said, I'm not sure that 10 year yields are in a position to dip much lower.

I just don't see anything driving the DOW much below 13K this year. Guess that means it's going higher.



To: GROUND ZERO™ who wrote (43045)1/2/2013 9:57:39 PM
From: Keith Feral  Read Replies (1) | Respond to of 181925
 
Good idea, market has potential slippage going into weekly expiration this week. Friday's have been brutal the past couple months, and this one may be no different.