how much longer this correction?

as of october 2, 2009
spx closed at 1025.21, slightly above its 50ma of 1021.71
last time we were at a 2-0 buy daily count was june 16 and above the 50ma then also.
it took 18 sessions before another sell count started, which started the last cycle move from below 900 to above 1050.
weekly for spx is 9-1 sell
monthly is 3-0 sell

best for the spx to move sideways in narrow ranges as not to disturb the constructive patterns for both the weekly and monthly charts.

stocks!

aapl is at 2-0 buy daily
9-3 sell weekly
5-0 sell monthly
since earnings is october 19, the counts firmly believes it is a good one.

goog is 3-0 buy
9-2 sell week
5-0 sell month
october 15 is the earnings date for goog

bidu is 2-0 buy
4-0 sell week
5-0 sell month
october 23

gld is 3-0 sell
9-1 sell
1-0 sell

chiu index is at 619.221
now at -53.36% of ath of 1327.776 (october 31, 2007)
start of 2009 was 459.342


paul


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