thrifty thursday, page-25

As stated a while back that 1.618 extention or 4680 is proving to be a heavy resistance zone. I am not expecting anything serious, I did expect it to make a mickey out of me and consolidate above the 1.618 extention, it did exactly that. I think this market will likely go sideways going into 19th of October, a date no one has listed which I find very suprising; it's the 360x2 calendar day anniversary of the 30/10/07 all time high when it closed at 6828. I have no real bias from here, I am very neutral until 19/10 and finding it very difficult to ascertain whether it will be a high or low. Perhaps stay out of the market for three weeks until the picture is clearer? I am thinking it will be a low, but if market rallies next three weeks it could well be a high. I am limiting positions and taking a punt in oversold instruments like Wheat futures, I am hunting for value and there is not much out there.