Monday saw first of month/quarter new cash blow the index on by weekly projected high 1544. Since Monday was nothing but up Tuesday has to catch up the four day cycle with a down day to the 60/120 chart moving averages areas. By late Wednesday the cash index could be at 1558 or so making futures 1569 a high odds spot to short into for the drop into 10-08-07. The drop from a 10-03 high could be a 50-60 point drop.Monday, October 1, 2007
Tuesday, 10-02-07
Monday saw first of month/quarter new cash blow the index on by weekly projected high 1544. Since Monday was nothing but up Tuesday has to catch up the four day cycle with a down day to the 60/120 chart moving averages areas. By late Wednesday the cash index could be at 1558 or so making futures 1569 a high odds spot to short into for the drop into 10-08-07. The drop from a 10-03 high could be a 50-60 point drop.
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