Market Talk

[gtober]

10,100 would be very bad. Currently, we have a triple bottom on the DOW at 10,200 or so. We have a declining NAZ wedge sitting at support. We have the SOX sitting at support at 550. We have gaps at around 1160 on the S&P futures filled.

There is a NAZ gap waiting in the 1750 area and the QQQ's have provided a sell signal with a triple bottom break on the P&F chart.

IMO, if we are going to bounce, it must be now. If we get 10,100 on the DOW, we will go down much further and probably will re-visit the lows.

I hope not. That NAZ wedge is a nice pattern, and I hope to be able to trade off of it.