Re: Dow futures down 285...ouch/Wayne

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I am suggesting that Friday posted the low (for some time) in spX. Tonight we are getting, more or less, a double bottom in futures. By tomorrow morning, this 'old' news will result in a higher low for spX.
Many disciplines would so suggest.
1. Count back 36 (+/-2 day) cycle to a previous low
2. Merriman had an astro cycle 8-4
3. Significant over sold conditions
4. Low RSI with %R buy
5. Bearish sentiment at extremes (cocktail party sentiment also)
6. New moon influence
7. "Crazy" extremes in 'safe' havens such as 30yr bond, swissy, gold
8. AND, Congress finally ADJOURNED!!
Day traders now have established stops!

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Re: Dow futures down 285...ouch/Wayne

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