The market just refused to have any correction. For Nasadq, support is 2150, resistance is 2190 -2200. For $SPX, support is 1075 to 1080, resistance is 1100. $Bpcompq and $Bpspx doesn't support the today's rally, but if we have to respect the price itself as long as the above mentioned support is held. 1100 for $SPX and 2200 for Nasadq are something we need to watch closely.
My mechanical major top and bottom sugnal is still at major buy since the last buy signal generated on 10/9/09.
My short term trading system is still at short term buy since the last buy signal generated on 10/5/09.
My position trading system is still at major buy since the last buy signal generated on 3/18/09
Monday, October 19, 2009
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