Monday, December 08, 2014

As expected, both the $NYAD and $NYSI triggered off SELL SIGNALS today. By "As Expected", I said this weekend that any DOWN day would probably trigger them off on the sell side, as they were right on the verge of new signals as of Friday.
Of course, it could give another WHIP SAW, but the $NYAD signal is a very solid signal, and it, SHOULD, take, at the least, a couple of days to do that, but in this market you just never know. The $NYSI is not a very strong signal and will reverse with any type of UP day tomorrow.


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