My propensity index is showing a higher open as the futures are already pointing that way
Power index did NOT show rally yesterday, and thus is somewhat cloudy for today, but does
seem to indicate a lower open tomrrow
A higher open should give way to selling later in the day with a lower open on the 12th
Should still be a good opp for another rally on the 13th
I will be buying calls sometime tomrrow and selling them at the close on Friday
Interesting phenomena
Bradley on 12th should offer a low
Bradley on 15th should offer a high = a Sunday
THAT only leaves the 13th in between
18th is setup on a natural energy chart for a low
How low? Cant say at all, but there's always a potential to retest 670
From the 18th to the 23rd and or 26th, they should RUN IT UP AGAIN
Major resistance, of course is SPX 754, the Nov 20th close and or 744, the intraday low of Nov21
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GOLD did drop from 1000 on Feb 23rd to 900 on March 10th , and could rebound some into the 18th where equities are due to make theri next important low. IF gold does rebound to the 18th, then I will be looking to buy puts on the GLD
More Later
Jay
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