Sunday, November 2, 2008

Prediction: Market Corrects Again Next Week

56% probability down market for S&P tomorrow. IBD is on a buy signal--will they be whipsawed again???
I use Dow theory to confirm IBD timing signals and like to see blogger sentiment fail to confirm. I also like P&F charts for $INDU, S&P, NDX and NYSE Bullish percent indicator ($BPNYSE) to confirm market trends. I was wrong about selloff I predicted for Friday--I remain short this market with tight stop for my UBB put.

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