Our tweet from this morning is pasted below:
thearorareport: Premarket Nasdaq Advance/Decline 6.03. Interpretation: at extreme., either a blow out or sharp reversal $$ about 3 hours ago from web.
The power of rigorous analysis is at full display here. The market has reversed about 140 points in a straight line since then. our prediction was not based on a feel, but rather on rigorous analysis of the pre market Nasdaw A/D values.
On the blog we posted for a short on SP500 futures around 957, but most othe fills are around 953. If you followed the signal, we suggest taking profit on the 10% short from this morning right here around 939
Wednesday, June 10, 2009
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