Flipping Back to BOT Long Signal on sp500 at 1201

The Sp500 right now is at 1201 again and I am flipping back to a BOT long signal now as I indicated I would if we were to break and close above 1201 on the sp500.

The Dow Transports are at a new 52 week high and other indices are pushing higher strongly now as well.

It could very well be that the market wants to evade the potential bearishness of the November closing monthly shooting star hammer reversal right from day one of December 2010. 

It would be quite a strong statement from the market and may indicate that the Christmas rally is upon us.

Posted in BOT Long Signal

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