Monday, November 15, 2010

11/15 9:30

Still expecting more upside in the stock market to abc the prior 5 down.  Order shorting DJ futures still working at 11,220.  Crude short order working at 86.275.  Dollar buy order working at 77.82. 
I1 bottoms at the close Thursday. 
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4 comments:

  1. pimaCanyonNovember 15, 2010 at 6:40 AM

    Good morning, Steve.

    In your longer term forecast that you wrote months ago, you mentioned that stocks might begin a strong counter trend rally on this upcoming I1 bottom (that is, beginning on Nov 18 or the following day). Are you still thinking that a strong rally could begin on Nov 18 or 19, and will you go long then?

    ReplyDelete
  2. Steve KotelesNovember 15, 2010 at 7:02 AM

    I don't expect a strong rally on the 11/18 bottom because I1 remains weak through 12/21. I'll post a current I1.

    ReplyDelete
  3. pimaCanyonNovember 15, 2010 at 8:40 AM

    thanks, Steve.

    ReplyDelete
  4. SteveKotelesNovember 15, 2010 at 9:01 AM

    I neglected to put in the post that after the 1/6 I1 low that the subsequent rally will take it to over 5.

    ReplyDelete

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