Our system posted a SELL CONFIRMED today. The previous BUY recommendation was issued on 11.16.2009 (3) days ago, when the index value was 270.0. Since then US-BROAD-MKT has gained 0.03% .

SELL-IF is confirmed by a black candlestick which has an open equal to the previous close but closing lower. The selling price is the previous close (273.99) according to the Rules of Confirmation.

The recent bearish pattern leading to the SELL-IF signal is confirmed today. The market is poised for a bearish move. Though the market opened higher today, the day’s activity created a black candlestick that closed below the previous close. This is one of our valid bearish confirmation criteria.

We hope that you sold this index . Your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bearish tendency despite the higher opening and sell your shares after making sure that the prices stay below the previous close.

If you sold, keep away from this index until the confirmation of a new BUY-IF signal. What to do if you did not already sell? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for selling your shares in the following sessions.

The market is an inviting one for short-sellers. Risk lovers may now go for short sale.