Thursday, September 23, 2010
Sell signals coming in..
The 20 min. charts rolled over yesterday along with the relative strength (Rut vs SP), giving a sell signal on the mkt. Today the 60 and 80 minute charts followed with sells. the Q's are the strongest and havent quite rolled yet, but when they do, it should be a waterfall.. or not. Tech is still strong. Q's closed today where they closed yesterday, whereas the RUT was down 1.2%. A key range of support is 1115 -1105, then of course, 1100. We havent even broken 1120 yet. I will be at the ocean tomorrow... so all hell might break loose. :)
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