Wednesday, November 5, 2008

3pm and the breakunder 996 has resulted in a 36 point decline from 1003

that length has been a standard length of an S&P move prior to the October volatility which had moves of 50 to 100 points intra day

3pm is up slightly and 985 looks like a possible place to go short if the bounce can get going into 3:40pm

otherwise 943-948(or 914-900) here we come to complete 5 waves down from 2am this morning at 1008.5

CBST looking good along with MYGN, ICUI and QCOR

UNG looks like a possible island reversal over the past few daily bars CHK a fast money favorite

UPL is one of the all time best oil related stocks and has been beaten back quite a ways

DBS to double silver play is acting relatively strong (poor man's gold??) and the holiday season coming around the world

CCJ and SQM are uranium and other metals miners looking way oversold

EBS going back to the buy zone around 15ish??

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