something to think about for monday, page-28

its interesting that spx:usd on weekly chart has already double bottomed, and done so around the obligatory 13 day separation between bottoms as well..

price by time says that the current spx level is unsustainable, that theres a value trough between 1345 and 1370 which should be traversed quickly because it is a low value zone, and that a rapid rise to at least 1370 should be expected because of the spx weekly close within the trough zone, from below.

Further, the full sto on weekly has crossed below the oversold line and doesn't show signs or retreating, the dmi says that the decline in the previous week was due to lack of buyers not selling pressure. This says the bear are not in control, which has got to be bullish at a low imho.

chaikin money flow is showing bullish divergence with the august low, is in a congestion zone just below zero, and in its pattern it hit zero from a low, retreated fractionally and has recovered.

The monoline situation should be resolved in some fashion this week, and spx is closed on monday.

Taken together - the double bottom, the push into an unsustainable value zone from below, the lack of sellers, the signals of accumulation and bullish divergence - these things all suggest that probability favours a rally this coming week imho.

And can we please desist from reprinting here the worst of the incoherent, inchoate and paranoid ravers..