Friday, October 1, 2010

Friday Oct 1st 2010

My trend model on a close basis has an aggressive sell at 1126 Spx. We could clearly have some serious damage if we close below 1131.89 putting me on a sell for Monday then.

Trend is UP till we confirm a CIT (change in trend )

I don't understand why many EW guru's have the market going sideways for 3 to 5 more days?
Guess we will find out!

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