Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.
Tuesday, October 25, 2011
$ndx, $indu, $spx
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using $ndx, i see the market is not in the process of minor wave 2 retrace as many bears' perspective. $ndx already retraced 88% from Jul high, only 1 ~ 2 sessions away from making new 2011 high, also will be new decade high. it's a must stop level for bears.
$indu is very near 200 day moving average, often is a nature resistance after previous market broke down. i see market could be pulling back from here.
$spx is around the Super Cycle trend line which origin from year 1938.