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Reversal Indicator Points To More Selling

Published 10/09/2013, 12:42 PM

The daily continues to confirm its reading last week of a strong move lower in the markets and is signifying that it is only half-way through with what it intends to pull off.

Here's the Daily SharePlanner Reversal Indicator
SPRI: Daily
What is even more troubling for this market is the fact that the weekly SPRI is only about to confirm and, therefore, signifying much more to the move than we've already seen to date.

Here's the weekly SPRI
SPRI: Weekly
Hard To Be Long
So it's becoming increasingly difficult to focus on the long side of the trade as the market is giving very little incentive for doing so. But sooner or later the twits that we call politicians will come to some agreement that drives are country in an even greater whole and we'll see this market rally as a result. So be careful with the shorts that you do have because that will happen.

Original Post

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Latest comments

Peter dikeakosOct 10, 2013, 03:34
Nov. The BIG Downpour !?!?!?
Peter dikeakosOct 10, 2013, 02:38
Oracle, Not Miracle !?!?!?
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