DJIA 9718 50 day MA...see if this bounces Monday, or goes to the 9600 levels.
October is usually a poor month in stocks and November is a strong month in
stocks. Could be an end of the month sell-off.
Although, October began at the low 9400 levels before a 700 pt. run to 10,119.
I have 9688 as the low today so it has bounced a little already.
Chart wise, it is very important this gets a bounce, because if 9600 levels fall,
it could get ugly especially if any significant poor news comes along the way.
I'm thinking a bounce comes Monday bar any poor news. Watch the stochastics.
Getting near the bottom.
Oil at 60-65 buck a barrel would be a great buying point if it gets there this
Winter.
The $SPX is at 1038 as of this post, which is 14 pts. below the 50 day MA.
G/L to all.
To succeed in life. Share your wealth. Help others. God Bless.
EZtradin
