Wednesday, November 2, 2011

Market Update continued

Bernie will speak in about 25 minutes so this may be a "Hope" he says something important move, but it seems rather contained. I wanted to get the last update out fast, but I also wanted to include these 5 min charts-these are more important then the 1 min charts you saw and suggest that we may still get the upside move, perhaps even in to the close, as I mentioned yesterday, the Doji suggested it and just the normal function of even the worst bear market sees at least an equal amount of up days. Otherwise the move seems contained thus far.

All of these charts are "in line", there aren't any accumulation surprises.

 DIA


 ES

 IWM

 QQQ

SPY

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