SHORT-TERM MODEL NOT SURE IF TREND IS DOWN, HODING TRAPPED LONG POSITION OVERNIGHT
The bottom line, one day doesn’t make a trend especially bears haven’t got any 2 consecutive down days for the whole October, so let’s see if bears could make an exception this time.
Bullish biased toward tomorrow because VIX rose 22%+, buy SPY at close today and sell tomorrow at close, you’d have 78% chances for the last 2,000 trading days.
COBRA un favor please DO TELL if you expect to revisit the higher high ( 130 ) still before the major pullback . thank you
test the previous high is still possible.
I though it was sort a prerequisite in a way. my bad reading … but now this should be a 2 at least leg down correct? thank you .
already 2nd leg on 60 min chart.
You will probably see 1235 first before you see a new high. That is the next price target.
Could be.
thx,ding
ASTRO Update Sun 180 Jupiter…
http://astrofibo.blogspot.com/2011/10/astro-sun-180-jupiter-2000-2011.html
ASTRO Update Moon Cycle…
http://astrofibo.blogspot.com/2011/10/astro-update-moon-cycle.html
We’re back to business with this last October.Today is living proof that the market is a real machine to handle money. Increasingly higher lows.I’m back to very positive results, so corrections in the future. http://spx500.blogspot.com/
Pedroo…my name is Pedroo!
ASTRO Moon Cycle…
http://astrofibo.blogspot.com/2011/10/astro-moon-cycle-october-november-2011.html
DWCF Weekly
Only Monday but sure looks down hill from here.
http://99ercharts.blogspot.com/2011/10/dwcf_31.html
VIX Daily
And up from here.
http://99ercharts.blogspot.com/2011/10/vix_31.html
Happy Halloween!
Large chart: weekly momentum is still signalling a buy, small weekly chart shows 1237/40 as support:
BPNYA +0.55%, BPCOMPQ +0.93%, BPOEX +1.23%, BPNDX, BPSPX and BPINDU flat.
Small caps stronger than large caps, exception BPOEX. BPNYA has further upside, BPSPX (not shown here) looks toppish.
Hmm, BPNYA looks very strong.