Monday, September 17, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long.  All last week the algo did not print any numbers except for the pre-scheduled number but this week in the opening seconds it already prints, with the quant chomping at the bit to go short but internal programming rules are holding it back.  It appears that if the SPX drops under 1460 (now printing 1462.52), that should be enough to get the bears moving to the downside with Keybot on board. As of now, however, the bulls remain in control, hanging on by a thread. Do not trust the markets. Exercise caution. A turn may be imminent.

9/23/12; 7:00 PM EST =
9/19/12; 9:00 AM EST =
9/17/12; 9:30 AM EST = +60; signal line is +63 but algorithm says stay long
9/16/12; 7:00 PM EST = +76; signal line is +63

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