Wednesday, October 12, 2011

Going to a sell/update

Thursday Chart for Friday click to enlarge.

Up late tonight checking my facts. We have tested 1220/1230 several times (Spx). My numbers are right where I want them. A few have gone extreme.
I will be shocked if we can do anything but go down after Thursday market.
So putting it on the line here we could /should be heading for Spx 1086 or a retest of the low.
All in Oct.



What ever higher high we have in next 2 days should be it. Wed the 12th is a blue day and this rally started on the 4th also a blue day.
We have the PC ratio at 2.03 and other numbers I use getting to over bought levels.
I have 1193 then 1184 as signs of weakness. SPX
We should have an am high and then start to flounder. Not a one day event.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.