Thursday, February 11, 2010

Market internals trade complete

The bullish upmove today started with a shake out and then gathered steam to bring in a decided bullish move. Our MktMatrixHiLo indicator had seen a possibility of this move coming a couple of days ago, so I alerted the readers of this blog. The chart below gives you a description of when the move was made and how much it moved. This indicator is a reliable identifier of this type of move. You can see in the previous post some of it's other trades.

This is a chart of the SP 500 cash index with a closing trade from the MktMatrixHiLo indicator.


Klatuu