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| 7:30Pm on 11/3 ~~PRELIM EKG for 11/4 |
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| EDT WEDGE |
I cant ACCESS my ADDRESS BOOK on COMCAST - its never happened before
they are going to force me into setting up a member only web site sooner than I anticipated
so heres the whole gunsa magilla at the blog
FINALLY THE PC OPTION RATIOS TURNED BEARISH
EVEN MON, TUES, & WEd were solidly BULLISH -- 90% each day.
BUT NOW I think they finally made believers out of those WEAK BEARS
They've thrown int he towel and turned bullish -- YEEEEAAAHH
ALSO
MY PROPRIETARY adv/ DEC & Vol ratios show a MARKED decline the last few days
against the rising tide
heres the numbers
adv/ declines
2256 on Oct 27th dropped to 1328 yesterday and today down to 989
VOL
3278 on Oct 27th dropped to 2706 yesterday and today down to 1537
SIMPLY stated they show internal weakness as price rose
ALSO NOTE the EKG shows a weak open, followed by a recovery ending on the down side
that was supposed to be today's action, but I'll take it for TOMRROW
That means to me at least, the RALLY HAS PRETTY much run its course at a 62% retrace
which now needs to back off leaving only
a moderate rebound open Monday as previously mentioned that should start the next serious down turn
into a lower low by the 14th -
VPN members have the whole month's graph to follow plus the daily psych reads.
wave wave from 1292 to 1215= 77 pts
wave 2 to 1263 = 62% retrace = 48 pts
wave 3 should be 77 X 1.618 =125 pts
1263- 125 = 1138
more later
Jay
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