Monday, October 5, 2009

Random ramblings - Monday

2:25 PM
Notice the similarity in SPY from Sept 23-26 and 9/29 till today. Still bearish on SPY / SPX esp with low volume. 9/28 green bar and todays green bar on low vol, still under R.

2:09 PM
15min spx chart says down to me unless bulls come on strong...purely tech perspective its down, as i see it. SPX last 1037.

1:48 PM
spx 10 15 min charts giving a early 'sell' but whipsaw expected, to me. spx last 1037.

1:20 PM EST
spx should be EXPLODING through these levels....it's breaking high and making new highs but very small increments. SPX "should" be at 1044 right now, not 1037. decline might not come today (or at all) but the warnings r there.

TZA at 13.00 on 3min intraday "looks bad" but actually i see it as neutral with bullish bias (bearish for tNa).

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".

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