Monthly Archives: October 2006

SHORT TERM: market closes mixed, ending a successful October. October, notoriously one of the worse months of the year for investors, proved to be one of the better months of 2006. While many prognosticators where anticipating the four year cycle low … Continue reading →

Fibonacci, EW pivot points and OEW Assuming that the SPX third wave up in this uptrend is complete, and the SPX is now in the fourth wave. One can now make some assessments as to the probable levels of the pull back, and the pattern. … Continue reading →

SHORT TERM: end of month window dressing by mutual funds Overnight the Asian markets were mixed, the ASX/BSE had some profit taking after the previous days all time highs, the NIK/SEC were higher. Europe came in at about 0.3% higher, and … Continue reading →

SHORT TERM: a quiet day on the upside. At the opening stocks gapped down slightly but quickly filled that gap within the first 15 minutes. Additional selling entered the market pushing it down to the lows for the day around … Continue reading →

SHORT TERM: slight gap down opening which was filled, but market turned lower again. Overnight the Asian markets were mostly higher, with Australia’s ASX and India’s BSE posting all time new closing highs. Europe came in about 0.33% lower, and … Continue reading →

REVIEW: was a fun week! On wednesday the SPX hit our 1383 target, projected way back in mid August. The long term EW pivot points continue to anticipate this index perfectly. The previous target was SPX 1316, projected in February, and was hit in April. And, … Continue reading →

SHORT TERM: finally the market is taking a breather. Stocks had a decent gap down at the open after the lower than expected Q3 GDP report: +1.6%. They quickly bottomed, and then tried to rally until just before 1:00, never quite … Continue reading →