Another week at the casino.SPX formed a lovely key reversal...

Another week at the casino.

SPX formed a lovely key reversal month for October - assuming of course that disaster doesn't strike tonight which I doubt. But a key reversal is when the price goes below the low of the previous month and closes above the high of the previous month. Now it doesn't necessarily mean nirvana but it must be seen as positive. There used to be a time when you could really depend on key reversals whether they be daily, weekly or monthly but now with so many people following charts they are not nearly as dependable but as I said still a positive.

Friday night trading looked like it could have been a wave 4 or at least part of some sort of consolidation. I am cautious simply because the rise has been so strong but still could have a bit more in it.

I raised the question on Friday about what happens with Chi-X starting trading this week but it got lost in the heat of the moment. Does anyone know whether the volumes will be included in the public lists or what. Only a few stocks to start but within weeks, it will cover all stocks. Could be a nightmare for technical analysis. So any info would be really appreciated.