Monday and Tuesday should be down about 9%, a low on Nov 9 around 3400, then a strong rally on the 10th followed by another strong drop on the 11th to near 3300. Nov 14-18 looks up.
Blog
If it works, that would be great.
But it won't...so...
Fib
I think you are right, not on those days, but the chickens are coming home to roost by week's end
Not likely Brad since breadth of market is firm right now which will provide price buoyancy on any bearish ambushes that might be out there lurking for the week ahead. Me thinks that you're maybe giving too much leverage to the CPI data that comes out on Thursday...keep in mind that the September number turned out to be the last bottom on October 13th. Patience on the big bearish stuff is not in the cards to at least after this month's OPEX, but even then, like a cruise ship, market momentum tends to make a wide sweeping motion when trying to reverse course.
And, of course, bear markets have a totally different personality than that of bullish ones where what worked in one is not likely to work with the other.
Fib
Better to ignore me than abhor me.
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