The week really satisfied two conditions that keeps thing confusing.
A higher week would top the only supporting shorter length weekly cycles,
and a low week increases the forward projections lower. It looks like both
happened and becomes the most negative scenerio, however immediate targets
are 1067 Fibanocci and a lower parallel
channel line at about 1062 next week.
Specifically SDS cycles look like Oct 10 high for sds.
So that I am only bearish until 1060's but will try to hold short until Oct 10,
with stops once SPX 1131 goes. If I get what I want abruptly I will close out
in the 1060's and not look for lower until a bounce and the next set of weekly lows
in Nov.
Inside next week is another short term abrupt dip in sds and the final high
should be Oct 10ish. So that it looks like some damage by Monday, bounce and
stunning low during Oct 7 -10.
Not overly bearish
Started by
AChartist
, Sep 30 2011 05:53 AM
No replies to this topic
#1
Posted 30 September 2011 - 05:53 AM
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan