Friday, October 22, 2010

Failed Signal

We got a failed signal and that usually means there is strong underlying demand.  Another gap up pretty much seals the deal for a trip to new highs beyond 1186.  1200 looks to be in the picture for next week.  I'm still short but with plans to exit soon.

1 comment:

Petsamo said...

I deployed cash at yesterday's lows and decided to hold overnight. This gap up is a relief.