Thursday, June 9, 2011 10:52 AM
From:
"Jay DeVincentis"
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To:
winkfieldtwyman@yahoo.com
Cc:
"'Stock Barometer Customer Support'"
Thanks Wink – I could have used this email about 6 days ago J
Regards,
Jay D
---------- Forwarded message ----------
From: Winkfield Twyman
Date: Thu, Jun 9, 2011 at 11:20 AM
Subject: Re: Daily Stock Barometer Newsletter - Capitulation
To: Info@stockbarometer.com
Jay:
I think you missed the boat on this one.
On a weekly chart of the S&P 500 Index, we have a clear down trend. The 13-day moving average is pointing down as are the MACD lines and the stochastic lines. We also had a third consecutive day of closing stochastics below the oversold level (20) on a daily chart. Embedded stochastics.
Odds are, I am the ultimate contrarian indicator and this e-mail will signal the bottom. LOL.
But the trend seems down for now. I don't see a bottom soon that will lead to new highs.
Wink
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