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Thursday, January 6, 2011


17:40 ET

Candlesticks formed a Bearish Harami on SPX today.  A black candle tomorrow will confirm.

12:07 ET

The chart on the left is a daily chart and my indicator P15 has just spotted the first sign of reversal.
P15 - Named for the explosive qualities of phosphorous is designed to catch moves very early, but as you can see it fires off a signal at every turn.

On the Left is an hourly chart with trend lines and Andrews Pitchforks.  All indicators signaled this turn and price has dropped below the -0.8 sigma of a 10SMA  The white shape at the top is a Squeeze warning formed by the top edge of the Keltner Channel. and the +2.0 sigma. of a 20SMA

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