testing for the "bottom"

tuesday's near 11% rally in both spx and indu was almost as large as those on monday 10/13, but as no longer rally began then, could there be one starting now?

let's look at the indexes and some large chiu index stocks.

spx's cycle low is still the 839.80 reached on friday 10/10 intraday

the ath was 1576.09 last 10/11/2007

fibo 23.6% is therefore 1013.564

spx is well below this level and sequential are:

1-0 sell daily

9-0 buy weekly

4-0 buy monthly

not bullish for spx

indu' cycle low was 7882.51 also on 10/10

the ath was 14198.10 on 10/11/2007

fibo 23.6% is 9372.989

1-0 sell daily

9-0 buy weekly

4-0 buy monthly

ccmp's cycle low was 1493.00 on 10/24

the cycle high peak was 2861.51 last 10/31/2007

fibo 23.6% is 1815.968

1-0 sell daily

9-0 buy weekly

2-0 buy monthly

largest single stock holding is now aapl

aapl's cycle low was 85 on 10/10

ath was 202.96 12/27/2007

23.6% is 112.839

2-0 sell daily

1-0 sell weekly

1-0 buy monthly

goog had a cycle low 309.44 on 10/16

ath was 747.24 11/07/2007

23.6% is 412.76

1-0 sell daily

9-1 buy weekly

2-0 buy monthly

paul