Review Of Recent Triggers

following is just a quick review of recent signals that have been discussed on this blog. While we are seeing quite a few ST sells, we should keep in mind that if the market continues higher despite these signals, it would likely underscore the bullishness here and likely we will see even higher highs in the coming weeks. In fact, as can be seen below, one signal already argues for higher prices in a few weeks. Based on the open signals below, the early part of next week are days of interest.

Signal	Index	Trigger Date	Target	Status
NDX 7 Consecutive Up closes + Close above upper BB	NDX	7/16/2009	NDX lower than 1518.87 by 7/21	Open
RSI(2) > 98	S&P500	7/16/2009	S&P lower than 940.74 by 7/21	Success
RSI(2) > 90 for 2 consecutive days	S&P500	7/15/2009	S&P lower than 932.68 by 7/20	Open
NYSE Lopsided breadth: at least 9:1 A/D + 28:1 U/D	S&P500	7/15/2009	S&P lower than 932.68 by 7/20	Open
NYSE Lopsided breadth: at least 9:1 A/D + 28:1 U/D	S&P500	7/15/2009	S&P greater than 932.68 by 7/29	Open
RSI(2) > 90	S&P500	7/14/2009	S&P lower than 905.84 by 7/17	Failed
VIX down 4 consecutive days	VIX	7/14/2009	Higher VIX close by 7/17/2009	Success