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Vulnerable
November 10th, 2008 at 3:01pm · 2 Comments
The U.S. stock market here is vulnerable to further selling. The 135 minute chart shows a net-line sell at 916.25 if the emini closes below that value today. The daily chart had a net line sell three days ago. The lower channel on the 135 minute chart is at 896. I’m not sure that will if concerted selling is seen.
Tags: S&P 500
2 responses so far ↓
1 deacon31 // Nov 11, 2008 at 10:55 am
11/13 full moon, looks like it comes in pre market, also a minor bradley turn date…11/13/1929 was a low, and the key low in 1987 was 11/11
2 deuxsous // Nov 11, 2008 at 1:29 pm
November 14 is also a tidal turn date the way I calculate it. Lunar gravity on earth is ~2/3 of the total effect on tides, so full moons are often associated fairly closely with short term tidal cycles.
October 28 and November 5 were the last two tidal turn dates.
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