Crosses down tomorrow, no matter how big of a rally we get.

IMO, worse thing we could do is sell at the bottom.  I have started to hedge in the past hour.  To sell, I will wait for the signal because it looks like things are starting to head sideways.  If we get a signal on a bounce, I will then make my own decision on whether to sell, stay, sell 1/2, etc. Historically, the system has comeback pretty well.

As Chas points out, we have a higher low on the Renko Charts and I see the inverse ETF's are starting to break down slightly.

This Daily says we are on a buy signal.  Or is it just whipsaw?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=1&dy=0&id=p76098493830&a=199272123&listNum=12

My inverse SPY hedge, SPXU, is rolling over.  We broke the uptrend today and started a small downward channel.  If it can stay in that channel, the worst is over.  EOD tomorrow should give us a better pattern.

http://stockcharts.com/h-sc/ui?s=SPXU&p=60&b=5&g=0&id=p99314728458&a=241454996

Here is my prediction on the SPY system: Those who stay in the trade, regardles of sell signals, will end up with a 10% gain by Thanksgiving.  LOL!  Gotta stay light!

http://stockcharts.com/h-sc/ui?s=SPXU&p=60&b=5&g=0&id=p94503207997&a=241453473

This 3x SPX short is holding the trend line.

I saw this on the list.  Very good candidate for a short.  My son was a VP with their profitable Medicare Part D business and they sold it to CVS.  So their revenue stream (and profits) will be lower over the medium term, despite the hefty sale price.  I have no special knoweledge but the short makes fundamental sense.

Watched the video, but if the system is below the 200 day, you would think it would go short, not add another long....

has to hold...

http://stockcharts.com/h-sc/ui?s=$SPX&p=30&b=5&g=0&id=p34917885382&listNum=1&a=239606863

need to stay above that nasty channel...

http://stockcharts.com/h-sc/ui?s=$SPX&p=60&b=5&g=0&id=p15258113711&a=239606896

Looking at the 60 minute chart, we are still in a very steep downtrend channel....too steep to be sustained, but down and in the channel nonetheless.

Predictions anyone?

Posted by: Robert50 on the 7th of Aug 2011 at 01:46 pm

Big down day Monday, QE3 on Tuesday! 

Whose not calm?

Weekly

http://stockcharts.com/h-sc/ui?s=$INDU&p=W&st=1986-01-01&en=1989-12-31&id=p83578589683&a=241170274

Daily

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&st=1987-07-01&en=1988-03-31&id=p90596240415&a=241170328

DOW -575

SPX  -70

Base on Middle East action Saturday and then Sunday.  Asia will tell.

From CNN: Israel's stock market fell more than 6%, and the Tel Aviv 25 Index ended the trading day down 6.99%.

The Dubai Financial Market (DFM) General Index fell 3.7% on Sunday. And the General Index on the Abu Dhabi Securities Exchange lost 2.5%.

In Saudi Arabia, the Tadawul All-Share Index gained less than 0.1% after dropping nearly 5.5% Saturday.

It can always get worse....