Tuesday, September 18, 2012

Probably a little higher.



  • Chart #1 shows a fib circle with higher out prices possible.
  • Chart #2 shows the strong resistance area from yr 2000 and yr 2007 also suggesting we could hit the grey area
  • Chart #3 suggests 1495 or noted out come.
  • Vix + Spx suggest Wednesday up as does upvolume.
  • Still very overbought but that is when s**t happens.
  • Oex p/c ratio tells me nothing.
  • I have a 40 TD cycle on the 21st most cycles have been lows except the  4-2-12 (1422H spx) and the  5-1-12 1415H 20 tdc so we are due for a cycle high.
THE WHAT IF BAR DIDN"T HOLD FOR THE SNAP! but you get the idea .

More charts from my Stockcharts.com site.  
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=1045838,1&cmd=show[e273048185]&disp=E

Jerry

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