“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC


Friday, 4 October 2013

4 Oct 2013

The rally in the markets today looked strong even without any deals being made by the both sides of the Gov't.  Is this rally to suck more people in with a tanking market to come by Monday?  I'm not sure, but indicators were overbought all day.  Maybe the big boys know something we don't, and buying knowing there will be a deal made before the week starts.  All speculation...

Main-Trend: DOWN (Confirmed)
Short-Term: DOWN

Note: The daily 75ma and lower BB sits at 1668 respectively...  So watch for this level if we drift lower on Monday.  A breach would look for SPX going to 1640 - 1620.  A shoot up will have resistance at 1710 - 1705.

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