Sell Signal
Posted on February 12, 2009 by Adam
As I have said before, if we exceed 815 in the S&P, we will be on a sell signal.
Well, it’s happened. If there was a time to get bearish, it’s now.
As always, remember to stay balanced. Don’t go out and buy 50 put contracts and forget about upside risk. I’m in three positions now - two bearish, one bullish. I’ll be looking to add maybe one or two more bearish positions as the day progresses.
The S&P has exceeded 815, putting it on a sell signal.
Be on the lookout for an extended pullback.
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Why this Financial Crisis is not Over: Assesing Debt, Dollars, Gold, and Greed | Pimp My Trade
February 12th, 2009 at 8:54 pm
[...] For one, the S&P 500 took a turn for the worse, turning lower from support, putting it on a sell signal. In a parallel move, the dollar broke out of a month long consolidation pattern to the upside, [...]
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