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Tuesday, October 2, 2012

October 5th or 8th

Gann 21 days from the high of the year is this Friday October 5th, which is also 13 trading days from the high of the year.  1/6th of the year is 23 days.  That puts us on Sunday October 7th, or trading day on October 8th.  Start shorting starting Friday.

SPX/VIX > 80 is showing high probability of decline in coming days going into Friday and next week.






Probability Of Down   Date
1 TD later 67% 6-Sep
2 TD later 50% 7-Sep
3 TD later 42% 10-Sep
4 TD later 57% 11-Sep
5 TD later 61% 12-Sep
6 TD later 57% 13-Sep
7 TD later 65% 14-Sep
8 TD later 65% 17-Sep
9 TD later 70% 18-Sep
10 TD later 74% 19-Sep
11 TD later 74% 20-Sep
12 TD later 74% 21-Sep
13 TD later 83% 24-Sep
14 TD later 78% 25-Sep
15 TD later 83% 26-Sep
16 TD later 83% 27-Sep
17 TD later 87% 28-Sep
18 TD later 83% 1-Oct
19 TD later 91% 2-Oct
20 TD later 91%  
21 TD later 100%  
22 TD later 100%  
23 TD later 100%  
24 TD later 100%  
25 TD later 100%  
26 TD later 100%  
27 TD later 96%  
28 TD later 96%  
29 TD later 96%  
30 TD later 96%  

Hourly SPX chart is showing bullish engulfing pattern. So we should see uptrend going into Wednesday.

Today's daily closed with a Doji.  There is a battle going on here between 1440 and 1452. 

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