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Wednesday, September 22, 2010

Wednesday updates!!!

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7:30, Still waiting for the SPX to confirm a top might be in by breaking down and out of the channel and producing lower lows that would change the short-term trend to bearish.
***I will be heading to the last major sheep show of the year this afternoon so posts for the rest of the week will be spotty. I will have Internet access in the evening to do a daily over-view and post any important developments. I will also leave the Trend Finder in the neutral position unless the longer-term signals turn bearish.

7:23, BKX is on the brink of breaking down and producing lower lows.

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7:14, The bulls have clear running room ahead, the bears need support to give way to break the bullish uptrend.

7:01, The Bollinger bands are tight once again, large moves normally follow this condition.

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