howdy all.
i see the topic of discussion is "crash week". is it? i'm not so sure as the dow and spx found support were i thought it would on friday night (ie at the october lows) and bounces up nicely. if we're repeating the fractal from the october low, it would suggest that 12-15/11 would be the next high.
i also noted from reading u.s. trading forums this weekend that options expiry for the spx is indicating again that it may be within the 1500-1525 price range.
this to me suggests that we could perhaps be repeating the pattern from may to july - if so, the top may be in mid december and low is early next year.
this is just my speculation from the pattern i am currently seeing but what the heck do i know. thu, if the low of about 1490 on the spx holds over the next couple of days, i'm guessing that we may still see higher prices in the u.s.
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