Trend still dn but OS

Today was the 30 TDL of the 10-40 tdc. Was it the final low not by a long shot.
We could of course bounce here  looking at the oversold condition of the market. The horizontal lines tell the worst depths.
Jerry O

$ has bottomed

$USD has bottomed.
Reading Eric Hadik free news letter, he say's it all about the $.

Looking at my chart the trend indicator I use has crossed to a buy.

The blue down trend line maybe gave a better buy.
I would guess a strong $ rally will push stocks down and killing already weak earnings.

Jerry O

Looks Weak

* Click images to enlarge *

Trend finders look weak.
Spx runs into 50dma resistance.

The EOM rally I looked for a 1 day event, shows
weakness. Monday will tell us if it was a major reversal, but volume doesn't support that out look yet..

NY advance dropping soon offers a target at the bottom.

 John Murphy indicator is on a sell.
Yellow is showing could lead to fast drop.

Spx x 50% A break of the red lines we gut the bull hogs.



Any drastic indicators were very quiet Friday market.
PC ration was neutral, Vix etc. nothing popped at me.

Indicator maybe a good trend finder!

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

Targets

Today was a 144TDL  with a 144TDH on Nov 1st.
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.

Jerry

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.

 Looking at the VIX breaking above the 54 ma shows a lot of weakness ahead, doesn't have to be tomorrow.

 200 DMA  picks the hot spot with fibs support.

Using weeks here is a possible area for the 2012 low  but on a 90 TD basis I would look for Dec 14 ish.

Day 20 of 40 TD cycle Monday

Monday is the 20 TD cycle but the low for a few days probably was Friday.
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.

Best Jerry

way off-count change

I keep saying all year the market was not over sold enough to have this big a reaction. Sure would like to know the algorithm the street computers use!

Here is a change in AGET with the count chaning to wave 4 from wave 5.
Also AGET (mob) had a target of Spx 1425 I felt we would blow through that to 1410 ya right.
The bias has given another buy.

Looking 1410 Spx by Tuesday

 More of the bear look click charts to enlarge

 NYAD ready to fall?IF it does you can see the target at bottom.

 My 1410 target spx and volume review

 If it turns yellow it will be too later. 13-34 is a little slow buy a good indicator.

 6 TD moving average on P&F

 Could be the crash wave,
or just a normal wave 5 sell off.

This is not my chart I think it was Stockcharts.com but it shows Q3 will be a
big failure ay least in my mind set.
How so? Well the old adage the market never
reacts the same way to the same news.

Market weakness is appearing.

Here we have the Railroads. After the gap down and break of support they tried to recover to gap fill but have failed.

 New York  adv/decl showing real weakness. You can see real downside if this pattern continues. Blue line suggests a target

 This chart I never got posted here the other day. At that point I was looking for 1430 now the possible target is 1410. Volume is in no mans land usually bearish till we break out.

 Stock above 50  dma are in trouble but this all can change in a heart beat. We need to get under 1390 for that to happen.

 Here I have put the Bollinger bands on all schemes. The blue line just shows a point in time thatbecause we have hit BB and 50 DMA that we could go a few more lower.I would say we are MOB ( make or break)

Click charts to enlarge.  Jerry O