Abet Chichi2

[chichi2]

TA Update by DrBob 10:12PM 11/27

The NYSE and Nasdaq Summation Indices are very near their lows reached in August, while their McClellan Oscillators have improved to about -20, so it will take severe selling pressure to keep up this decline. (click on "replied2msg" to see McClellan info by Chichi2)

A choppy rally is possible til the end of the year or early next year, or a lower trading range.

Crude oil and gold were down today, as OPEC meets next week to talk about raising production.

Crude oil could fall to as low as the high 80's but that is not guaranteed, and it might find support in the 90-92 level in the next week. Its LT uptrend remains intact and $120 is likely next year due to Peak Oil effects and strong demand globally, including in OPEC countries.

DrBob