Tuesday, September 25, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The algo motored along yesterday without printing any numbers.  The drama around SOX 395.43 did not occur; the price simply collapsed further indicating a potential structural failure in semiconductors. As long as UTIL stays under 483 and SOX under 395, the market bears remain in the driver's seat. For the SPX starting at 1457, the bulls need to touch the 1461 handle to create an upside acceleration. The bears need to drop under 1452 to create a downside acceleration. A move thru 1453-1460 is sideways action.  Keybot prints a pre-scheduled number this morning one-half hour aftr the open so the action can be updated at that time.

9/30/12; 7:00 PM EST EOM EOQ3 =
9/28/12; 10:00 AM EST =
9/25/12; 10:00 AM EST =
9/23/12; 7:00 PM EST = +44; signal line is +58
9/21/12; 3:53 PM EST = +44; signal line is +59

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