The Last Forecast......

There will be no more comments.....

Good luck

2c

This is to be expected

The Fed's heighten awareness on inflation and end of rate cut. There should be continual downside to come until the Fed raise rates to indicate that the economy is improving. You know it will be a long time and the dark days of summer is a long grinding down........there was a proprietary indicator that gave a sell signal yesterday. That was the hmmm....yesterday....But if you following the pivot there will be no harm....Opened below pivot and S1, short it ......another leg down is in the work.....never mind what other gurus will say....

As an aside, this site will be closed off soon... Just do not feel like writing it anymore...concentrate on trading and the system that is being used is supreme... and if you follow this site for the past year, you should have a taste of it... it is all stats and allow me to say screw the MACDs....they are useless ...

good luck

2c

Hmmm....

It was a weak bull day. Tomorrow's numbers are 607, 602 and 597. It is at the cross road. It can continue up to 615 or continue to fall. RIMM AH was down 12 bucks, cause it missed. The best strategy to play this kind of market is to use pivot numbers for day trading.

2c

Classic signs of reversal

Tomorrow's numbers are 603, 598 and 592. Classic falling wedge reversal in place. Expect rise to 605, 615 then 627. Of course it could fail in any one of those levels.

2c

Possibility of a bounce

Tomorrow's numbers are 599, 597 and 595. A four point spread and an NR7. Although all NR7 broke to the downside in this downtrend so far, there is the possibility of a bounce in a day or two. The volatility gave the first signal, but this is not the universe. In any case 605 is the resistance.

2c

No signs of turning yet

Target 600-595ish almost reached and it would appear that a reversal before FOMC may be wishful thinking. It is almost there perhaps mid-week next week. Monday's numbers are 605, 600 and 593 and a yes a WR7.

2c

Conflicting signals...caution advised

Today it showed some signs of reversal. There are turtlesoupbuy signals from OEX, SPX and DOW now. Although other indicators still point to more down side but caution is advised here. There may be just one or more day of down to sideway movement. The falling wedge effect is getting close and that will lead to rally. Probably next week sometime and do not expect too much before FOMC. Tomorrow's numbers are 612, 608 and 604.

2c