Monthly Archives: October 2006

tuesday update

SHORT TERM: market closes mixed, ending a successful October. October, notoriously one of the worse months of the year for investors, proved to be one of the better months of 2006. While many prognosticators where anticipating the four year cycle low … Continue reading

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tuesday midday

Fibonacci, EW pivot points and OEW Assuming that the SPX third wave up in this uptrend is complete, and the SPX is now in the fourth wave. One can now make some assessments as to the probable levels of the pull back, and the pattern. … Continue reading

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tuesday morning

SHORT TERM: end of month window dressing by mutual funds Overnight the Asian markets were mixed, the ASX/BSE had some profit taking after the previous days all time highs, the NIK/SEC were higher. Europe came in at about 0.3% higher, and … Continue reading

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monday update

SHORT TERM: a quiet day on the upside. At the opening stocks gapped down slightly but quickly filled that gap within the first 15 minutes. Additional selling entered the market pushing it down to the lows for the day around … Continue reading

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monday morning

SHORT TERM: slight gap down opening which was filled, but market turned lower again. Overnight the Asian markets were mostly higher, with Australia’s ASX and India’s BSE posting all time new closing highs. Europe came in about 0.33% lower, and … Continue reading

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weekend update

REVIEW: was a fun week! On wednesday the SPX hit our 1383 target, projected way back in mid August. The long term EW pivot points continue to anticipate this index perfectly. The previous target was SPX 1316, projected in February, and was hit in April. And, … Continue reading

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friday update

SHORT TERM: finally the market is taking a breather. Stocks had a decent gap down at the open after the lower than expected Q3 GDP report: +1.6%. They quickly bottomed, and then tried to rally until just before 1:00, never quite … Continue reading

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friday morning

SHORT TERM: Q3 GDP comes in lower than expected at 1.6%. Overnight the Asian markets were mostly lower, but India’s BSE continues its post holiday rally to new highs. Europe came in about flat, and our index futures were mostly lower, … Continue reading

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thursday update

SHORT TERM: another strong day to the upside. The market gapped to the upside this morning, but immediately ran into some selling. But it didn’t stop money magers from continuing to chase this uptrend. By about 10:30 the market bottomed … Continue reading

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thursday morning

SHORT TERM: stocks very choppy this moning. Over night the Asian markets had solid gains, and the European markets came in around 0.50% higher. Before the market opened, the Sept durable good orders number was released at 8:30: +7.8%, the biggest … Continue reading

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