Tuesday, October 26, 2010

Market view




DOW made a bearish shooting star reversal here on monday. If we get a confirmation tuesday(today) and that is 11.132. So below that and we get a confirmation.

AAPL still getting VERY close to breakdown and is sitting right on SUPPORT line from the lows... lets see if it holds today..

SPX made a kiss to the WEEKLY MA(200) and got rejected to break above, so if FAT FINGERS showing up here, maybe they wanted us to push up to weekly MA(200) and then down again. Last time we were here was the april top.

The dollar is in a bullish falling wedge and is about to make a HIGHER low IMO , lets see if it holds and the dollar is about to breakout higher..

The VIX still in a HUGE bullish falling wedge and looks like its about to breakout here next days...

Time will tell


I still believe we are heading WAY down and we get a crash here, so looking for BELOW 1000 SPX before 14 November.



Lets see

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