Monday, October 1, 2012

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

Keybot the Quant remains short but the algo is positioned to flip to the long side.  The SPX pushed above 1447 but there are other programming rules not yet satisfied. Keybot wants to see 1450 hold for a couple minutes and that would likely cause the quant to flip long. Perhaps the ISM Manufacturing number in a couple minutes will provide this thrust.  A turn may be imminent.

10/7/12; 7:00 PM EST =
10/5/12; 9:00 AM EST =
10/1/12; 9:37 AM EST = +60; signal line is +57 but algorithm says stay short
9/30/12; 7:00 PM EST EOM EOQ3 = +44; signal line is +56

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