Don’t Expect Too Much $SPX $SPY $DIA $DJIA

October 24, 2012

An update on the previous post:

Despite the big fall. haDelta moved horizontally (not ready for the much awaited reversal).

Dead cat bounce in sight.

Two scenarios here, short-term:

  1. A small reaction OR/AND
  2. haDelta may record a failure to go across its average SMA3

Consequences:

  1. Bull trap OR/AND
  2. More downside

Don't Expect Too Much $SPX $SPY $DIA $DJIA 10/23/2012

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