Wednesday, October 5, 2011

10-06-2011 outlook

Not much of a dip during the day (disappointed me).  Then we rallied the last hour.  Seems to me after 4 down days followed by two robust up days it is time for a pause and possibly a pullback tomorrow.

Tonight we learned Steve Jobs passed away.  Not sure how that will affect AAPL, but would not be surprised to see some weakness in AAPL at the open.  I was never an Apple product purchaser.  Not an Ipod, Iphone, Ipad or Mac.  My objection to products like the Ipod, Iphone, Ipad was the follow on costs of music downloads, expensive cell phone plan for the Iphone or a data plan for the Ipad (if it is to be mobile). Seems to me a lot of people spent a lot of money on these products and follow on services that should have gone to pay credit cars or student loans....  JMHO.

Tomorrow have the 2.8TD, 5.6TD and 11.2TD cycles down.  The 2.8TD and 5.6TD cycles should have topped at the close today.  Given this alignment tomorrow should be a down day.

Here is the SPX swing cycles:

GL traders.  I will be looking for long entries Friday afternoon or Monday morning.  Do your own analysis.


  1. Never owned an Apple product either.. My opinions on their products aside, Jobs leaves behind the legacy of a successful businessman.

  2. Per Keystone Speculator, we need RTH to climb above 103.5 and ^DJU to climb above 424 for the bulls to run.
    Let's see.

    Just to note, I have not used Apple products, but one of my sons loves them. He uses his Christmas & Birthday money to buy them and we have chipped to help him.

  3. DOW Target by tomorrow mid-day is 11,218-11,248 and then another down slide....but today should start with a pullback...but it will be a dip to buy...maybe the one you were expecting yday.