haspete's - more upside than down friday, page-123

Yesterday's severe close below 3 day dynamics was bearish but it is extremely rare to see two below in a row so SPI 3908 was unlikely to be exceeded on downside for today's close.

That alone was reason enough to play the long side today at least until a good bounce was in.

As mentioned by one poster the Ferrera model had a decline from start Sep till about now although no indication of any strong bounce for a while. That deline was tempered by the "holding up" into SPX expiry and then it let go.

By the same reasoning there probably will be some end of quarter window dressing late next week. More likely because of the sharp drop for the quarter and the need to make it look as good as they can manage.

Normally I would have expected a reversal day here and maybe 2 more days up but 1 might be more likely SO up/down/up maybe till next Friday.

US indicators such as McClellan summation and bullish % are bearish again and MACD has crossed neg again after weeks rallying.

Yes it could just go pos again but that sounds a bit too clever.

1440 days from XAO 2007 high gave us the Sep 20 high and from XAO 2007 top is around Oct 10. That date is the most common date in US history for major turns. There are maybe 14 times, mostly lows but sometimes a high.

Beyond that is Oct 17-21 for many reasons as a low IMO.