Saturday, October 27, 2012
Right on the sell line!!!!! 3 sideway days not helpful ...
Looking for 1350 but since it had 1500 ear marked I would say for many reasons 1375 is a target IF..
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
Earning are under pressure so expect a short lived
Posted by Jerry at 11:54 PM
Wednesday, October 24, 2012
We could kiss 1400 tomorrow or lower but I think next week will be up since it is EOM window dress.
Will Wall Street be open? We get that rain with Wall Street lower than sea level it's in trouble.
Targets on the upside is 1425 and strong resistance 1433.81.
With the PC at .99 and a trin of 2.74 a rally attempt is ahead.
We had upvol of 12% so over sold.
Soon the down side target will be 1376.34 or 1370
We have a 144TD hit Thursday.
Posted by Jerry at 1:15 AM
Sunday, October 21, 2012
If we look at the volume bar circled it has the bottom look.
I think we will attack 1438 then strong resistance at 1445-1448 with a fictional double top at 1451/52.
Support is 1425 then 1410.
Posted by Jerry at 9:04 PM