Monday, November 16, 2015

Major Sell Signal Update

On September 4,2015 a Major Sell Signal was generated and posted, see at this link:  
http://bit.ly/1UxbR21

In the Sept 4,2015 posting, there were charts of the passed two sell signals.
One on Nov 27,2000 and the other one on March 31,2008.


Another indicator was found buried in the archives.  The indicator had  a few past sell signal dates and they were, Jan 1974, Jan 2001 & Jan 2008.   These dates are very close to the dates posted on Sept 4, 2015.
Nov 27,2000 compared to Jan 2001 and
March 31,2008 compared to Jan 2008

Two different types of indicators generated sell signals that called 3 bear markets and confirmed the current past two bear markets.  The data posted on Sept 4,2015 unfortunately did not go back to 1974 to make a comparison of both signals, but, the Jan 1974 sell signal was a very good one on it's own.  The S&P 500 continued it's selloff.

The new indicator was updated and found another sell signal on Jan 2015.  This confirms the sell signal of Sept 4,2015 and the evidence keeps mounting.  Either the market topped already or we are very close to a top.  The caution light is on.

At this point daily sell signals should be taken seriously, but, with the proper stops in place in case that market does rally and it makes a marginal new high. 

If history is going to teach us, the sell signal in 2000 generated some buy and sell signals on the daily charts while the sell signal in 2008 did not.  

Go back and review your charts and see the differences for yourself.

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

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