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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.

Friday, October 19, 2012

$spx

will it come? will cover more and the details in the coming weekend report.

10/19: this chart presented yesterday, $spx got rejected at the mid green pitch fork and broke down the bearish brown wedge.
today is Option Expiration.
statistics: 25 years ago, Friday Oct 16, 1987 also was an Option Expiration day, and then followed with a black Monday 1987 Great Crash on Oct 19, 1987.

 
 
 
 PS. 1). coming weekend report will be updating the criteria of a "Big one", and current status.
2). 14:30 ET at $spx 1429's, i see a light for the market. let me know if you want to know.