THE DOT - if this turns orange or red be alert

Thursday, October 23, 2008

SPX technical update - breaking to the wave 5 lows

Markets dropped below the supports- the SPX counts a daily 9, hence 3-4 lower closes required target 770-800.
The VIX counts a daily 12 as well, putting a high alert with one more high to go.

I assume with SPX is going below 839 selling pressure will increase
on TV they say lighter volume - I see much higher volume traded

More later, PPT defense working well so far :) but the market back up - 45 min to go

No comments:


About Me

I am a professional independent trader