Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Wednesday, September 14, 2011
SPX Daily Chart Showing Keybot the Quant Algorithm Turns Bullish from 9/14/11
Here is the SPX daily chart showing the last few turns by Keystone's algo. Long from SPX 1146 on 8/23/11, then short from SPX 1207 on 9/1/11, then long from SPX 1200 on 9/8/11, which resulted in a whipsaw, this was the day that Chairman Bernanke's speech tanked the markets, thus, short from SPX 1186 on 9/8/11, then long from SPX 1180 on 9/14/11, today. As always, stay on guard for a whipsaw today or tomorrow. For now, the market bulls rule.
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