Market Breadth Data******************************

Sunday, October 19, 2008

WARNING:

The projected targets, based on breakouts of the 60 min. e-mini triangles, are not for the faint of heart!



Fortunately, the daily SPX chart below points to a more benign outcome...



or, does it?




It all depends on what color glasses you're wearing at the moment and, ultimately, on price action itself.
at

Terms of Use

All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.

Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.