Tuesday, October 27, 2009

SPX CCI buy signal, waiting for confirmation (Oct 27, 2009)


I have all along suspected that it could print a doji day today.....so not wasting my energy on doing any trades yet.

I see the first buy signal on CCI, so if we end with a doji day today...a higher high or lower low should be able to confirm the direction of the market....

Usually when the stochastics gives a signal, it should be a confirmation....the only thing is the stochastics is always 1 day late...lol.

I suspect the overall trend will be determined by the dollar strength


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