8 replies to this topic

[mss]

It may only be a pause that recharges the SPX, but I have a flat turn and some failures at the "0" lines and turn backs on other charts. My suggestion is a very high caution is warranted here. I see test of 1193+/- and should that fail, then 1183+/-. We could also be on the way to 1160, 1140 & 960 as suggested earlier. I do not see 1214 and above any time soon.




Daily points for 11/02 are:
R2=1209
R1=1206
P =1203
S1=1200
S2=1198

Best to all, mss

[BovineMarket]

I think the S&P is going to see 1260-1280 before we see a decline below 1160. JMHO. Wave count suggests that anyways. Possible to see a decline to 1190 to freak people out again.......but stochastics and Bollinger bands have turned up........suggestive a bottom of some Degree is in.

[ogm]

I think the S&P is going to see 1260-1280 before we see a decline below 1160. JMHO. Wave count suggests that anyways. Possible to see a decline to 1190 to freak people out again.......but stochastics and Bollinger bands have turned  up........suggestive a bottom of some Degree is in.

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Wave 3 of 3 of 3

[mss]

I think the S&P is going to see 1260-1280 before we see a decline below 1160. JMHO.

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Please note the "short term" tradable bottom post below and carefully reread the points of failure or not. Thanks for your comments and your points have merit.
mss

[EagleTrader]

It may only be a pause that recharges the SPX, but I have a flat turn and some failures at the "0" lines and turn backs on other charts. My suggestion is a very high caution is warranted here. I see test of 1193+/- and should that fail, then 1183+/-. We could also be on the way to 1160, 1140 & 960 as suggested earlier. I do not see 1214 and above any time soon.
 
Best to all, mss

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MSS, excellent calls so far.. Thx for posts..

[mss]

MSS, excellent calls so far.. Thx for posts..

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Thanks ET, but sooner or later I will miss one bad. Just the way it is. Good trading to you ahead.

[Bandit]

MSS, excellent calls so far.. Thx for posts..

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Thanks ET, but sooner or later I will miss one bad. Just the way it is. Good trading to you ahead.

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Thanks- MSS -Your doing a great job. I think the market turns lower into Nov 7-8 time frame and then bottoms and moves higher into the Bradley 12/16 date & then back down into early Jan for the 20/40/80 week nest of lows due in that time frame.

Bandit

[redfoliage2]

I see many technical indicators including McCllelan oscillator signaling an ST top.

It may only be a pause that recharges the SPX, but I have a flat turn and some failures at the "0" lines and turn backs on other charts. My suggestion is a very high caution is warranted here. I see test of 1193+/- and should that fail, then 1183+/-. We could also be on the way to 1160, 1140 & 960 as suggested earlier. I do not see 1214 and above any time soon.




Daily points for 11/02 are:
R2=1209
R1=1206
P  =1203
S1=1200
S2=1198
 
Best to all, mss

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[traderx]

besied technical--tmmorow Jobs Report has a strong effect on market--causious befoe is why no more push