living on day trading the index, page-7

PBear

Exactly.

It is the reason I am struggling with McLaren and Laundry's ideas of another leg up. It really doesn't fit my cycles.

I can see that Laundry's Aug 2010 high can be a sharp rally after a much deeper move down but not likely a new rally high.

I saw a summary of Larry Pesevento which you may be interested in from the asrology viewpoint.

" We have a HUGE cycle on Sunday evening through Monday morning. This is an extreme cycle....We're going to have a good trading market next week. Next week is critical next week due to these planetary aspects affecting all markets, including commodities, currencies, stocks. We could have a crazy announcement Sunday night, bad news, war. The 18th is the last of a big cycle... it's called a Pesavento Index day.... if there are 14 separate planetary events at one time, this is extremely accurate.... when they work, they act like magnets. We have a very high probability of a down week next week. Taking it down is what the Bulls want, as they will buy all the way down. Some stock patterns I am watching are at extremes, are way over extended. GS is having a rare tri-star dogi.
I am the only one on the planet that thinks we take out the March lows. If we give up 500 or more points"