Replies to post #16657 on Short Term Trading Member Forum

[chris3403]

Blackbelt1
Chart after chart Indexes included show that Oct was the more pronounced pullback.
This suggests Oct was a 20wk low and not a 5 wk low. That makes the recent low a 10wk low and not the 80wk low.
Furthermore with Earnings season now up on us common sense says we continue the run up for at least another 2-5 weeks.
$INDU
http://charts.barchart.com/chart.asp?sym=$indu&data=A&date=102405&den=HIGH&divd=Y&am...
S&P500
http://charts.barchart.com/chart.asp?sym=$inx&data=A&date=102405&den=HIGH&divd=Y&...
$VLA
http://charts.barchart.com/chart.asp?sym=$vla&data=A&date=102405&den=HIGH&divd=Y&...
GE (Case can be made for Aug or Oct)
http://charts.barchart.com/chart.asp?sym=ge&data=A&date=102405&den=HIGH&divd=Y&e...
$IUX
http://charts.barchart.com/chart.asp?sym=$IUX&data=A&date=102405&den=HIGH&divd=Y&...
jmo
chris