Wednesday, October 22, 2008

Complex .25 Node bottom still forming on $NDX...






Up to date....

It may start to move up on or around the 28th, as that was a 1.0 node on a smaller scale, or perhaps the 31st. as the end of months have a bullish bias...

Notice that the $NYSI breadth indicator is (so far) still respecting, but at the bottom of, it's old channel, The $NASI (breadth indicator for the $NDX) has shot down clean through it. Anyway you look at it, the markets are extremely oversold, and we are entering the most favorable time of the year....

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