Wednesday, October 27, 2010

greece is the excuse for the latest pause in markets - october 27, 2010 at 11:53am

a pause today in the spy, currently at 8-0 sell weekly and 2-0 sell monthly
long term solid although on the weekly, some decision has to be made late this week ahead of the elections or post next week on the 9th count.
during this penultimate count week, the close has to be above 114.61, which is some 2.6% away.
naturally, we can be there in 2 days but seem unlikely.

daily count is 1-0 buy while a concurrent series continue at 9-3 sell.

stocks traded recently for chiu index include:
intc
6-0 sell
6-0 sell w
1-0 sell m
brk.b
2-0 buy
1-0 buy w
3-0 sell m
fxi
2-0 buy
8-0 sell w
2-0 sell m

paul

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