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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (39471)10/26/2012 12:15:19 PM
From: Keith Feral2 Recommendations  Read Replies (1) | Respond to of 219550
 
I think the market will find a preliminary bottom after XOM and CVX report earnings on Nov 1.

DOW looks like it wants to test the 200 dma and probably run a little lower. I think a lot of people are waiting for a bounce to lighten up, and will probably throw in the towel over the next couple days as the concern about the election and the storm intensify.

We really haven't gotten to a point of capitulation yet on this pullback. Still orderly decline.