The TradingEdge

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FAS PIVOTS

DAILY

R2 79.21
R1 77.69
PP 76.03
S1 74.51
S2 72.84

WEEKLY

R2 87.17
R1 81.68
PP 77.29
S1 71.29
S2 67.41

MONTHLY

R2 93.25
R1 84.71
PP 74.26
S1 65.72
S2 55.27

63.8-82.79 FIB

23.6 78.30
38.2 75.54
50.0 73.29
61.8 71.05
76.4 68.26

FINACIALS HAVE BEEN THE LAGGARDS BUT THEY SEEM TO WANT TO FLY, MMS MAY HAVE HELD BACK TO TRAP SHORTS. ANY WAY FAS IS ABOUT TO MOVE UP, AND MAKE A BUY ON THE 60 MIN CHART. SPX BREAKING OUT ON DAILY CHART ON STRONG VOLUME. BE ALERT HERE BUT I DON'T SEE DOWN YET. AAPLE AND BIDU TRADING UP. ACCORDING TO PRECHTERS BOOK I READ THAT WE ARE IN AN EXTENDED WAVE B WAVE OR EXTENDED FLAT CORRECTIVE AND THE DIVERGENCES IN ALL INDICATORS WILL NOT STOP THE MARKET FROM MOVING UP, AND THAT LOW VOLUME AND DIVERGENCES WILL HAPPEN IN THIS TYPE OF CORRECTION.