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« Broke Down Triangle | Main | SPY Key Support and Resistance Levels »
Thursday
Nov172011

Sell Signal

DateThursday, November 17, 2011 at 9:50PM

The Piker Indicator gave a sell signal today. The blue arrows indicate when then signal is activated.  Still tweaking the system to filter out the sells turning the uptrend but during downtrends like 2008, it is accurate.  Given we had a sell signal, with a confirmed broken triangle and the PI at a netural number the move to the gap fill at 117 is very possible. 

AuthorPikertrader | CommentPost a Comment | | |
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