[RT] Re: [TimeandCycles] SPX

[Ben <profitok@xxxxxxxxxxxxx>]

the  going to close up for today, was out ,when we broke 937.5,

but maybe tomorrow ,close up, or unchange,

the attach daily bradly suggests about unchange, and  after a +25 to minus 25

on monday tuesday a resumption of down into  past 11/23

Ben

----- Original Message -----

From: J. B. Van Orman

To: TimeandCycles@xxxxxxxxxxxxxxx

Sent: Thursday, November 06, 2008 9:58 PM

Subject: [TimeandCycles] SPX

The market had another hard day down, closing at SPX 905. Nearest
support is 865/888 and nearest resistance is 961/986.

At the close today, the intermediate trend of the market remains down.
Technical and momentum indicators moved from neutral to moderately
oversold, having been moderately overbought as recently as 11/4.

There continue to be three unfilled market signals: 1) with the close
of 849 on 10/27, a test of 769/789; 2) with the close of 1006 on 11/4,
a test of 1057/1085; and 3) with a close of 953 on 11/5, a test of
865/888.

My view is that the market will soon trade through 865/888 support and
test subsequent support at 769/789. From that bottom, the SPX will
rally to test 1057/1085.

---

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