Wednesday, 9/14/11 update

Well, it looked like we might repeat last week's pattern on the SPX - Vindicator this morning (see yesterday's post).  The Vindicator buy line was diverging sharply against an early rally followed by prices rolling over later in the morning.  But selling pressure never crossed above buying pressure as measured by the Vindicator and prices eventually reversed into a nice rally for the day.  By the end of the day the buy line divergence was erased. In the final analysis the Vindicator did a nice job of keeping me long in the face of the selling in the morning.  Me likey.