Wednesday, September 14, 2011

SPX Daily Chart Showing Keybot the Quant Algorithm Turns Bullish from 9/14/11

SPX daily chart shows recent algo turns. Long from SPX 1146 on 8/23/11, then short from SPX 1207 on 9/1/11, then long from SPX 1200 on 9/8/11, which resulted in a whipsaw, this was the day that Chairman Bernanke's speech tanked the markets, thus, short from SPX 1186 on 9/8/11, then long from SPX 1180 on 9/14/11, today.  As always, stay on guard for a whipsaw today or tomorrow. For now, the market bulls rule.

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