S&P500: Daily @ Close 01/24/2013 |
That Correction/ Decline was 'arrested' when the ADX again pierced the 25 level (this time the 'Trend' was Down), and THAT marked the mid- Nov. Low @ 1343; initiating this Rally of some 10%...back above the Sept. 2012 High.
Caveat Emptor; no?
Thursday's Large Range Indecisive Day providing the near perfect 'back- drop' against which to tactically position oneself.