Wednesday, November 23, 2011

STOCK MARKET BEARISH -- SHORT

That did not take long to collapse, one minute after the last post. The utilties gave way.  UTIL lost the 50 week MA and lost it large.  By one point already, UTIL now printing 423.33, this is a major failure and very bearish for markets. Markets should sell off into the close. SPX:VIX is under 35.  All systems go for the bears.

11/30/11; 7:00 PM EST EOM =
11/29/11; 10:00 AM EST =
11/27/11; 7:00 PM EST =
11/23/11; 2:10 PM EST = -72; signal line is -28
11/23/11; 11:52 AM EST = -56; signal line is -27
11/23/11; 11:09 AM EST = -72; signal line is -25
11/23/11; 10:00 AM EST = -56; signal line is -23
11/23/11; 9:30 AM EST = -56; signal line is -23
11/22/11; 12:09 PM EST = -42; signal line is -21

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