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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Woody who wrote (12256)11/4/2013 1:07:19 PM
From: Chip McVickar  Read Replies (1) of 12410
 
Hello Woody...

Yes indeed... a window has opened with the Daily TP on Oct 30th

Plus there are a series of 4 daily 1.618 fib extensions coming in around 1775-77
Plus monthly and weekly 1.618s between 1766 and 1777

The astro is about to switch to volatility with a negative slant for the next month or so...

That said, I have not sold any long positions nor entered any short positions...

It is possible we could see a push to 1789 in the cash chart up until Nov 7...

But I remain aware of the current potential for trend reversal... Finally, I expect this coming weakness to be shallow or at most modest... with a bottom to be bought on the way to much higher prices.

But I'm not a pro... just share'n ideas.

How do you like the banner adds...?

My Best,

Chip
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