11-01-2011 Market Indicator Update

The market has fallen substancially since our Sunday post, so a new “UP” in Indicator #1 was not triggered and the pending change is effectively cancelled for now.

Meanwhile, a “stop” sell was triggered in Indicator #2 with the S&P 500 close below 1255, and I have reduced my holdings in stock funds.  The market is at a point where a short term bounce up is likely, so I will not trigger a new “DOWN” in indicator #2 for at least another day.