Posted on 10/18
"All that being said, I offer the
following about the coming week.
After three days of trend change
warnings and a Near Impulse Date of 10/14 for all, the stock indexes
reversed on Friday although only the NASDAQ and Russell closed below
Thursday lows, confirming the reversal. Generally we can expect a three
- four day persistence in trend following the reversal. For Monday I
generated 36 sell signals for the NAZ 100 and only 6 buy signals
supporting expectations of a lower low.My next Near Impulse date shared
by all indexes is 10/27 so we may expect a downward continuation until
then. We shall see."
Today is the Near Impulse date for all stock indexes. I expect
the lows of this move today.
So far the Russell has been the weakest but could find support
at 585.
The other indexes are at mid-channel and if they reverse here it
will be bullish longer term.
I have no buy signals yet however.
Jim White
Pivot Research & Trading Co.
PivotTrader.com