Thursday, November 8, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short and did not print any further numbers after 10:06 AM. The major sectors making up the the broad indexes are all in the bear camp.  SPX 1369 represents the cliff edge for the markets. This is a major cyclical bear signal. Likewise, NYA 8001.  If either one of these fails, the other will follow quickly, and the markets will be tumbling in near free fall.  The Friday session is very important. The bulls have to bounce the markets now, probably tomorrow morning, otherwise they will lose all control and the dramatic downside move will create panic.

For the SPX tomorrow, beginning at 1377.51, closing at the lows, the bears have an easy path. If the futures are negative even by only a smidge a downside acceleration will occur at the opening bell and the SPX 1369 and NYA 8001 tests will occur where the fate of the markets will be decided. The bulls continue to try and stop the bleeding and that begins by keeping the overnight futures positive with all their might.  Keybot prints a pre-scheduled number at 10 AM so the action can be updated at that time.

11/11/12; 7:00 PM EST =
11/9/12; 10:00 AM EST =
11/8/12; 10:06 AM EST = -47; signal line is -16
11/8/12; 9:38 AM EST = -31; signal line is -15

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