For those keeping score at home today looks familiar. October tops/bottoms since 2002:2008: 10/10 (Friday before options exp) 23.8% rally in 2 days!!!
2007: 10/11 (Thursday before options exp) 8.1% drop next 4 weeks
2006: No Trend
2005: 10/13 (Thursday before options exp) 4.9% rally next 3 weeks.
2004: 10/7 (Thursday before options exp) 4.7% drop next 3 weeks.
2003: 9/30 - 5.9% rally next 2 weeks (last day of Sept, gave it a pass)
2002: 10/10 (Thursday before options exp) 17.0% rally next 2 weeks.
-dmo
I thought that RESEARCH was WORTH repeating
ASTRO for 15th & 16th indicate a sell off for 2009
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TODAY should SELL OFF till 11 to 11;30 @ astro & cycle convergence
recovery till 3:45 , but later should continue to decline at close
Today is mostly influenced by Venus 180 Uranus - cages get rattled
The END of AN expansion is prevalent as the SUn is 120 Jupiter tommrow
NOT only that BUT JUPITER turns DIRECT on MONDAY after close
It has been RETRO during the UPTREND- this is contrary to typical horoligical
thinking about Jupiter, but UNDENIABLE none the less
more later
Jay
seems like the futes and dollar are moving together this morning instead of inverse
ReplyDeletejust breakin out of 10 min bullish wedge,globex highs here we come...
ReplyDeleteit seems to me that most times they try to close the market up on Fridays to end the week on a positive
ReplyDeleteAstro 8
Propensity index DOES hold at higher levels today
ReplyDeletePower index SHOWS a possible higher level at the START of the day which is something I posted earlier this week, but drops from
600 this AM, to 350 later today
Activity index is at 166, UP from
66 earlier today
Jay
Apparently bulls want this market to hit Dow 10,000. Maybe then, we can finally have a down day.
ReplyDeletety
Hold on to your sombreros.
ReplyDeleteBBs on SPX 15-min are getting real pinched here. Price has been riding up trend line off early October lows, and pressing against yesterday's highs. We should get a significant move in the next 45 minutes.
-dmo
its amazing,we're actually back to pre-crash volatility now buts its boring me to tears.3 point ranges for hours on end.whatever happened to 70 point drops with 30pt recoverys? lol
ReplyDeletei see it dmo,
ReplyDeletebut it could drag out all day
IF it does drag out for the day
then MONDAY should give US SPX 70 pts drop as per your wishes after 8.
the FIRST substantial decline has got to SET the stage for NO RECOVERY
must break support all at once giving NO one time to react.
Jay
I have the turn around 13:30 to EOD, yeah, to the downside. Barring GS intervening.
ReplyDeleteJust broke the uptrend line on the 15min. If they don't recover by noon on the hourly we should get some selling over lunch. If no selling between 12:00-1:00 we are not going down today. It will be time to try and cram 18 holes in before it gets dark.
ReplyDelete-dmo