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GTSOSC Current AnalysisCurrent Signal: CoverIssued On: 2010-08-22 with S&P at 1072. Next signal Expected Approximately 2010-09-20 Current Analysis: Last Updated: 2010-09-04 with S&P at 1104 GTSOSC +113 GTSMA -151 10day TRIN 1.27 CYCLE 1 /DAY 8 / avg 18 (see charts below) WEEKEND UPDATE: Last week we said " We expect the markets to find support in early September." This past weeks market action certainly qualifies as support. After a typical retest of the C Cycle bottom on Tuesday, the markets kicked off September with a 6% gain. An average Cycle 1 would carry until Sep 20 but we would not be surprised to see a shorter cycle. We continue in Cover Signal, stand aside mode, watching for over-bought status on our indicators, which should provide our next selling opportunity Chart Updated: 2010-09-03 |
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