Tuesday, November 2, 2010

11/2 3:45

Back in the hotel.
Going into the close and the stock market is in wave b of an abc to cap the ending diagonal triangle.  Probably some backing/filling here and a pop tomorrow.  Gold chopping around before heading lower.  Dollar index looks like it bottomed but is being held in bay by a strong stock market.
I'll be getting into positions tomorrow prior to the FOMC announcement.  If the unexpected occur and GOP does not win back the House then SP futures 1166 is critical support along with DJI 10,995.  I sold ZSL to get flat at 16.55.  I won't be able to be at the laptop tomorrow until late in the day.
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2 comments:

  1. AnonymousNovember 2, 2010 at 4:45 PM

    ES
    Could that be the overthrow for a top?
    http://99ercharts.blogspot.com/2010/11/es_9061.html

    ReplyDelete
  2. AnonymousNovember 2, 2010 at 5:30 PM

    TF
    Seldom look at this but here's a possible Wolfe Wave.
    http://99ercharts.blogspot.com/2010/11/tf.html

    ReplyDelete

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