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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.

Monday, January 30, 2012

1320 Feb 1

12:30 pm update:
with current volume indicator in the oversold territory, ST fear factor in the fear zone, and "Facebook May File For IPO February 1, WSJ Reports".
with the day low at the lower red pitch fork neckline, as the pattern rhythm, it's possible for $spx to bounce up to 1320's on Feb 1, or the least bounce is the mid red pitch fork.
more important is the MT rhythm pattern as shown on the charts.

and much important big picture is the perfect code blue developement of $spx and $indu as the code blue introduction in the weekend report.
details with private membership: