Thursday, October 16, 2008

2008-10-16 Market Watch

Today is a Major Accumulation Day.  As expected yesterday, a violent zigzag correction wave is in place and the next target is 1070.  Both SPX and XLF followed the intraday charts drawn yesterday precisely.  No chart needs to be finished.  Even TED spread doesn't look any different:

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SKF is a buy under 110:

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