In addition the Oct 4 lows were at the least a primary cycle (approx 18 weeks) low and we are in the time frame for a major cycle crest (6-7 week) cycle. Following is a daily chart of the SP500.
I'm also looking for a s/t pullback in crude and PM's.
Tuesday, November 8, 2011
Nov 8, 2011
This looks like a good place to short the SP. The attached chart shows the ending day price almost on the Saturn price line (light blue line) which has acted as good resistance. In addition the 76.4 % and 78.6% fib retracements from the July highs to the early Oct lows lie just above.
In addition the Oct 4 lows were at the least a primary cycle (approx 18 weeks) low and we are in the time frame for a major cycle crest (6-7 week) cycle. Following is a daily chart of the SP500.
I'm also looking for a s/t pullback in crude and PM's.
In addition the Oct 4 lows were at the least a primary cycle (approx 18 weeks) low and we are in the time frame for a major cycle crest (6-7 week) cycle. Following is a daily chart of the SP500.
I'm also looking for a s/t pullback in crude and PM's.
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