Sunday, October 25, 2009

More predicting!

So how about a complex head and shoulder pattern shown above. With the market first heading to 109 before the plunge down through the neckline. That goes with the EW count above if you think we have had the top and the 10/22 high was the start of a wave 3 down.

Anything beyond 109.77 means we are headed to a new high.

Wow, BPSPX said to get out of shorts and buy...
VIX has gone crazy the last 3 sessions.

I expect the market to be up tomorrow, looking at 109 for the 62% retrace then down. Beyond that level it gets tricky, beyond 109.77 time to get out of shorts.


Anonymous said...

great call man