Saturday, October 4, 2014

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short through the weekend. The bulls jog the algorithm to a dead flat +7 for both the algo number and signal line so the imminent turn notation is added to the title line above. This verifies the intense ongoing bull-bear fight for market control. The NYA 10629 bull-bear line in the sand is the key come Monday morning. NYA begins at 10635 six points on the bull side which created the Friday afternoon bullishness in the broad markets. Bears need to push NYA under 10629 pronto or they will fold like a cheap suit.

Next week's parameters and level of interest can be identified once the algo prints the pre-scheduled number tomorrow.

10/5/14; 7:00 PM EST =
10/3/14; 1:59 PM EST = +7; signal line is +7 but algorithm remains short
10/3/14; 1:41 PM EST = -7; signal line is +8
10/3/14; 12:34 PM EST = +7; signal line is +10

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.