anniversaries

Oct11 was also the 17 yr anniv of hte 1990 low

Oct 19 is the 20 yr anniv of the 1987 crash.

Most index options expired on the 18th, and thus there was no techncical reason to support them.

I had been warning about a large hit for weeks now. and Thursday, my tendonitis kicked up.

So much for that, now whats next.

heres some stats from Friday
The close was right on a 159bar hit
one day ARMS index was 3.39
MY OWN INDEX of 5day ADV DCL & UP/Dn Vol both dropped under 300- anytime that has occured, we get a bounce. Ive been keeping that index for many years now.

5day arms = 805, a fairly strong buy
10 day arms = 130.1= also a strong buy

Monday should explode out of the chute, and continue UP all day.

Tuesday calls for a CHANGE and should decline into the 25th.

Best Wishes
Jay