Thursday, November 15, 2012

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short and calmly idled along today without printing any numbers. The bears are cruising.  Continue to watch for a market bottom as described in the previous message. A market bottom may occur tomorrow or Monday.  The algo appears content with the short side. For the SPX on Friday starting at 1353, the bulls need to touch the 1361 handle, if so, the upside will accelerate. If the bears can move under 1348, the downside will accelerate. A move thru 1349-1360 is sideways action.

11/18/12; 7:00 PM EST =
11/14/12; 12:12 PM EST = -74; signal line is -31
11/14/12; 11:34 AM EST = -60; signal line is -29

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