Saturday, October 27, 2012

EOM rally

 We have the John M 13/34 ema right in the sell area but not happening. When yellow look out below.







Right on the sell line!!!!! 3 sideway days not helpful ...
 P& F ready to break down but hasn't .
Looking  for 1350 but since it had 1500 ear marked I would say for many reasons 1375 is a target  IF..

The king here has a new buy bias on 10-26 and I will stick with 1425 to 1433 strong resistance.

I will guess 31st and Nov 1st as EOM rally days

Volume and Spread sheets tell me we are in limbo,
so news like  Sammy not that bad could spark
a rally.
Earning are under pressure so expect a short lived
rally.

Jerryo1314@aol.com

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