Monthly Archives: October 2006

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 →

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 →

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 →

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 →

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 →