SPX TL

watch 1280 tomorrow!

BPSPX (ZT)

SPX TLs

CPC 5MA

CPC 5MA indicating more upside ahead.

Spx TLs

ES daily

If ES trade/open above 1258, Bull will carry it to 1272/PreHi.
If Bull cannot hold on 1227-34 area, Bear will push it to PreLow/1190

compare to 2008 again

daily

ES daily 110111

Lessons

1. Never enter market on Sunday night; Gap down or up on Monday has the least possibility to fill.
2.

spx weekly

Bull is back and will remain for a while!

Daily spx

Sentiment: bullish
Important  Fib level to watch
SP: 1257/1248
RS: 1293/1301

2011, Bottomed out?

how historical bottoms look like?

SPX-bottom character

61.8%Fib reached on SPX

Bull/Bear Front Line

http://www.screencast.com/users/peekpix/folders/Default/media/84d962c5-8755-449e-a09f-e315f1eac7d3

ES Daily Fib Briefing

History of Nine-Day Market Ramp-Ups Is Encouraging. Mostly.

http://blogs.wsj.com/marketbeat/2011/10/17/history-of-nine-day-market-ramp-ups-is-encouraging-mostly/

By Mark Gongloff

Birinyi

Table of 9-day ramps since 1950. Click for giant image.

Before today’s stumble, the S&P 500 had soared 11.4% in the prior nine trading days, a fairly rare event that typically sets up a much better market in the months ahead — with some notable exceptions.

The analysts at Birinyi Research, a bullish bunch, sent over a — wait for it — bullish table of how the market has performed after past nine-day ramps of 10% or more.

There have been 15 similar moves since 1950, according to Birinyi. The market has been higher six months after 11 of those moves, with an average gain of nearly 10%.

The four exceptions to this track record are cautionary, though. All four have happened since March 2000. The sample size is too small to draw any conclusions, but the positive implications of a 9-day ramp have been hit or miss since the turn of the century.

One of the 9-day ramps in this century was a 12.2% jump in November 2008, which was followed shortly by a brutal selloff that took the market to fresh lows.

Bottomed?