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15-Jul-08
New High-New Low Indicator Signaling short term Bottom
even though we just broke the low on the SPX, volume is extremely higher than average and the New High New Low Indicator is telling that a new short term the bottom is near.
might not be a bad idea to sell some puts on the spy for a 2-3 weeks period if we spike higher this week, or even next week.
Tagged Stocks: SPY
Posted at 14:31 in Market Report | Permalink | Comments () | Top
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2 Comments on "New High-New Low Indicator Sig..."
Posted on 15-Jul-08 15:34 by Don_Bartell
I haven't noticed the divergence in Gold/gold stocks!
The only thing I noticed is that gold futures broke out at 5 Am PST time so I missed that.
A very simple indicator that I found out about a few weeks ago was SPX-VIX which also signals a bottom when going under 0.
I'll post that in another commentary now.
Posted on 15-Jul-08 17:37 by leo00o0
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