SPX Hourly 10.22.08 - Market Outlook.
#1
Posted 22 October 2008 - 08:01 AM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#2
Posted 22 October 2008 - 08:08 AM
No turn in US $ Index before 87
Possible bounce here in gold contract in 750 area as far as 834...
More likely continued erosion to $700.
My scan of the financials last nite turned up weakness...
Something major is about to happen there - Therefore:
Expecting a test of the July lows now in the banks.
C is already there... GS has tested, WFC, JPM and BAC will all test their lows...
GS to 64
Why was Paulson on the New York Stock Exchange yesterday, is he planning to shut it down with a switch connected to his desk? I wonder is something major is about to happen?
Remember this day, men, for it will be yours for all time.
#3
Posted 22 October 2008 - 08:11 AM
#4
Posted 22 October 2008 - 08:11 AM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
Posted 22 October 2008 - 08:13 AM
> SPX Hourly 10.22.08 - Market Outlook., First Major Support 940, then 907 <
Do you mean first resistance at 940 right?
I have 917 and 908 as major support...below is the hell
If the market opens under 940, that will be resistance...
still 18 min to go anything can happen
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#6
Posted 22 October 2008 - 08:16 AM
http://stockcharts.com/c-sc/sc?s=$SPX&p=30&yr=0&mn=2&dy=0&i=p61564689205&a=88408952&r=6092.png
#7
Posted 22 October 2008 - 08:16 AM
#8
Posted 22 October 2008 - 08:22 AM
#9
Posted 22 October 2008 - 08:25 AM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#10
Posted 22 October 2008 - 08:26 AM