SP500Update on Nov 19, 2009

We are currently at 13 td's from the Primary Cycle trough on Nov 2. We are in the timeframe for a trading cycle trough. Trading cycles occur 2-4 weeks after a primary trough and are a good time to get in if you missed the primary trough, like I did on Nov 2.

I'm expecting 1 or 2 more days of pullback, however, the market could gap up tomorrow. It needs close watching so it does not get away from us.











I'll buy on a gap down tomorrow or if we gap up look to short at the 50% retracement of the move down on Nov 19. On the intra day note how it came up at the close to the 38.2% retracement of the move down in the morning.