Market Thoughts

Chart from Mortie IMO, has it pictured correctly

I had posted a MARKET decline starting on the 22nd, but it really began on the 20th
22nd was only a FIBO retracement for the SPx at 78.6%

And I had also written, the mkt would GIVE IT UP on the 23rd and 26th

Im still expecting a GAP open lower, which did NOT occur on the 23rd,
but should do so on the 26th

Jaywiz cycle points to a low at noon, but it could pivot (+) or (-) one hour either way
90bars @ 10am
126 bars @ 1:30
150bars @ 4pm

Late recovery leads to a strong 27th, and another short opp at 2pm on 28th

NOV2nd is STILL the longer & stronger short term cycle pivot low
233 fibo Dec1, 2008- that day was off 700 pts
81 july8th low
54 Aug17th lo
110 Jan 2 hi
21 to 10/2

more later
Jay