Marketgrind Financial Blog

The S&P oscillator is back up to around 80 which historically has always proven to be a short term top.  We’ve had a huge move off of the lows and I think it might be time to put on some hedges or take some profits.  No one ever loses money taking profits.  Originally, I thought that this particular oscillator was only relevant in bull markets.  However, looking back at historical data it looks like the oscillator holds up even during a bear market and/or bear-to-bull transition.

Tags: S&P oscillator

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This entry was posted on Thursday, January 8th, 2009 at 7:58 pm and is filed under S&P Oscillator Update. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.