Trading Edges That Last
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Lawrence's Comment Recap Gapped down to Y-2 following Dow. That turned Y-0 into resistance zone. Yet NQ bounced from Y-2 all the way to above Y-0 creating mixed signals. At the ...READ MORELawrence's Comment Recap Consolidation and wild swings under Y-0 as expected. Closed the week above Y-1 and near week low. Outlook Inside week consolidation suggests retest of Y-1 very likely. The critical price to ...READ MOREPrecog Vision – US Indices 2016-4-20Intraday Cycle Projection (DJIA) 2014-06-17Intraday Cycle Projection (DJIA) 2020-07-14Nasdaq 100 Sep 12 to Sep 16 Outlook3DP Odds Table (DJIA) 2020-03-18Intraday Cycle Projection (DJIA) 2017-11-27Real-time Commentaries 2024-1-11USDCAD Jul 22 to Jul 26 OutlookGBPUSD May 01 to May 05 Outlook3DP Odds Table (DJIA) 2011-11-30
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Dow 30 Nov 05 to Nov 09 Outlook
Lawrence’s Comment
Hurriance Sandy removed 2 trading days off the week and that impact showed up clearly in this compressed trading week. Quick flush back down to right above Y-1 and then took off to 13200 half gap above. After NFP report, Dow simply sold off all the way back down. Closed the week near week low and below midpoint.
Outlook
As expected, a lot of effort was made to keep Dow from falling below the 13000 level. Yet, the unloading of stocks by institutions at the end of the week dominated the tape.
Two questions have to be answered. First, will the claimed “trading mistake” on Apple turn into full scale collapse of a fund? Second, which scenario will unfold after Election?
If there is no significant events to deal with, I am looking for a flush down to B-2 / B-3 area before a bounce can happen.
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