Seven Sentinels on Continued Alert

I won't know for sure until this evening, but once again morning trading is weak, which could easily translate into a Seven Sentinels sell signal if current action holds or gets worse.

It's important to remember that this is an intermediate term signal and that anything can happen day to day, meaning that even if a sell signal is issued this afternoon the market may bounce in the days ahead, but not necessarily enough to cause another buy signal (whipsaw).

I can only call them as I see them, and at the moment the current buy signal is under attack.

 

[grandma]

Thank you, CH-
I don't recall noticing this last paragraph before: "In this highly volatile market one other condition ....then the signal is considered valid." Has the `result' of this condition been included & I just never picked up on it? Thank you again for your work trying to keep us informed! g'ma

 

[coolhand]

Thank you, CH-
I don't recall noticing this last paragraph before: "In this highly volatile market one other condition ....then the signal is considered valid." Has the `result' of this condition been included & I just never picked up on it? Thank you again for your work trying to keep us informed! g'ma

Hi grandma.

I include it in my blog when necessary, which doesn't happen all that often, but you'll see it in this evening's blog.