Monday, December 12, 2011

Steep Down Channel

Gartley should end on Hurst 20 week lows due January. Next few weeks look very unpredictable. Trend looks down and erratic into the 20 week low. Expecting large swings in both directions. SPX has a look at feel that it wants to lurch to 1270, but that is just speculation.

Livermore said do not trade every day. Good advice until a pattern clears...

Max downside risk is SPX 1120.

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