Thursday, October 4, 2012

New Highs For Major Indices Are Coming Up

SGS is Long (As of close of 4/30/2012)
Today SPX break through and closed above its new Primary Downtrend Line (thick orange).  That was  significant.  It signals that chances are excellent that  we see new highs in SPX and other major indices soon, possibly as soon as tomorrow for SPX and DJI.

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Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.

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