Globex 10-27-08

Here comes another fun week! And it will likely stay that way untill the vix begins trending down . Closing ticks ,while very neg. at over 400 were not at the level of danger(over800). New highs remain under 15, and new lows continue to expand. When the 'bottom' is in ,you will see this pattern reverse. Daily cycles call for a bottom wed to thurs., but keep in mind the fed meets and will likely lower rates again by 2:15 thurs. Also be aware of a tendancy of market strength from the last day of the month into the first 3-4 days of the new month. That would line up with my cycles nicely which have a top around the 4th or 5th and decline into the 45 day cycle mid Nov.(remember that one?). Time will tell... good trading all!

switching to es thread

where is the es thread kool?

TRADERS LOUNGE... ES 10-27-08!