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    Posted May 2, 2013 by
    ronjaenisch

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    Stock Market Top Today

     
    it sounds like a rather bold headline but it appears that at near noon today (ET) the SPY and QQQ made a top. If this is to hold there will be an initial down move of 5 to 10% during the rest of this month. Both QQQ and SPY made it up to the Alan Hall Andrews ORE reversal point and reversed today.

    This signal also forecast the reversal that occurred today in the currency pair EurAud. Members of the precisiontrader discussion group were advised of the ORE signal yesterday. Since this signal is of a daily class it is expected that the new trend will last for at least several weeks.

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