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Spoke Too Soon dept.
October 20th, 2008 at 10:22am · 2 Comments
The earlier blog post today suggested stocks weren’t ready to move lower. The 30-minute SPX chart has now added that missing RSI divergence signal. The picture is just a bit more bearish now than it was an hour ago.
Tags: Day Trade · Real Estate
2 responses so far ↓
1 muellerjoerg // Oct 20, 2008 at 3:42 pm
Despite the bearish picture the market rallied pretty hard today. I don’t mean to be demeaning here, but the strength of Calendar Research seems to be to pinpoint the bigger picture rather than the daily up and down. That’s why we tune in so often and it’s very valuable.
Joe
2 AC // Oct 21, 2008 at 11:29 am
Not sure I agree. Seemed to me like Chris was running a 80%+ winners vs losers for quite a while. There were a few spectacular miscalls but that what stops are for. Relative to recent volatility, market hardly moved yesterday.
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