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Monday, October 12, 2009

After the Bell, Update

What a Weird day it has been, Stockcharts had problems right after the open with their data feeds for the SPX, and other indexes. It left a hole in the charts that has made it hard to figure out the micro counts. SPX did not make a new high, but others did before a sell-off started, still unclear if it is part of another wave 4, but most likely the start of a larger sell-off, either wave 2 of C down, or part of a larger sell-off, P3. If indeed that was some sort of top, it would of been a double top. The 60, 15 minute charts are showing sell signals and the VIX closed slightly up, into the green, with the MACD showing a buy signal. Advancers were over decliners 1.2:1, again on even lighter then Friday, maybe the lightest of the whole rally form 666 (need to wait until the figures are updated for the dailies to be sure)

Anchak wrote a very nice blog on the Dollar and can be viewed HERE, please give a Rec!!

And GV, not to be out done, wrote one of his most detailed blogs to date on the current condiction of the markets and can be viewed HERE.

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