A Daily Chart with Data and my Comments will be Posted here by 8:30 AM Eastern Time or Noon on Weekend the following morning, baring technical problems or prior notice. My Data Source is Markets Diary: Closing Snapshot - Markets Data Center - WSJ.com
Chart and Data Below (Click on Image for bigger chart)
Friday Morning 8:00 AM Jan 29 2010 Comment for Thursday Jan 28 Close: T Theory Forecast remains bullish for the longer term based on the long term AD T #13 but the S&P is breaking down below the mid-channel support noted in the chart (Negative).
The W Bottom ? in the volume oscillator which is the normal way an oversold turning point identifies a reversal, and could be intact, but the break in the S&P casts doubt on it. I would conclude the actual low before resumption of the AD T will have to come from the lower green envelope now around S&P 1046. Terry
See Recent Posts at bottom of page. Check my Sunday TTO Update Terry Laundry's T Theory Observations for this coming Sunday afternoon for bigger picture details and further comments.
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