Sunday, October 19, 2014 8:07:13 AM
The bull market of 2009 will end this year in 2014.
weekend update
Posted on October 18, 2014
by tony caldaro
REVIEW
the market is currently in its largest correction since 2011.
The pullback to SPX 1878 is probably part of Minor wave b. Which suggests some downside early Monday, providing the market does not exceed SPX 1898 first. After Minor b completes we should get a Minor c rally to the 1929 pivot ending Int. wave A. Keep in mind this market remains quite volatile with triple digit DOW swings nearly every day. Short term support is at the 1869 and 1841 pivots, with resistance at the 1901 and 1929 pivots. Short term momentum ended the week below neutral after getting extremely overbought.
We certainly would not consider this an impulsive advance.
MEDIUM TERM: Major wave A may have bottomed
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104930402
&id=p48199434596&a=128596702&r=431)
weekend update
Posted on October 18, 2014
by tony caldaro
REVIEW
the market is currently in its largest correction since 2011.
The pullback to SPX 1878 is probably part of Minor wave b. Which suggests some downside early Monday, providing the market does not exceed SPX 1898 first. After Minor b completes we should get a Minor c rally to the 1929 pivot ending Int. wave A. Keep in mind this market remains quite volatile with triple digit DOW swings nearly every day. Short term support is at the 1869 and 1841 pivots, with resistance at the 1901 and 1929 pivots. Short term momentum ended the week below neutral after getting extremely overbought.
We certainly would not consider this an impulsive advance.
MEDIUM TERM: Major wave A may have bottomed
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104930402
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