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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Saturday, October 31, 2009

$SPX


As bad as it was Friday this market is still in chop mode and the US Dollar holds the steering wheel. The scenario of a sell-off closing out Oct and beginning November only to rip up to close out the year in December appears to be coming to fruition.

I'll be looking for the selling to subside next week to get back long with a stop below the 1014 fib line.


For the Web's best interactive charts, please visit http://www.Prophet.Net

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