830 8:30 am

monthly – bias short . next target down is 716. 915 long entry price. 672 is 62% of 2002 -2007 move. selling pressures showing divergence at these lows.

weekly – bias long. resistance at 887. next objective 946-961.  719 new short entry price. buying pressures weak. momentum still negative. time pressures up.

daily – bias short.  short entry price of 832 acting as resistance. next objective 765.  selling pressures pulling back into a rising momentum up.  look to intraday for a trade.  need 879 to breakout on the upside.   Ben’s PTI is extended down = take short profits and stand aside.  CIT on 12/3.

intraday – flat.  813-808 the end of a short trade.  814 short entry to 772. 853 long entry to 892. pressures up.  the 12/1 cycle has ended, expect upward time pressure.

895, Sunday pm

monthly- upside cycle pressures til the spring then down into May 2010.  a 915 close will start the retracement up.

weekly – in a retracement up of the recent downleg. next PO 946-961.  time pressures up til 12/26. 719 restarts the downleg.

daily – 926 target. buying pressures up. time pressures down until 12/1. Ben’s PT signals sell.  828 is the short entry price.

intraday – at an interim price target. 852 is short entry. buying pressures extended.  may cure overnight. still have time pressures down into the 1st.

846 -monday 11 am.  have triggered the short entry at 852.  next price objective 808 with shorter cycle levels in between at 834-829 and 813.  showing some divergence, so tight stops.

835, 10:42 AM

weekly – 885 next PO up.  time pressure up until 12/26.  unmet downside PO @ 764.

daily – have traded thru the earlier entry price, now at 832 PO1 indicating higher.  next upside PO 879.  a trade down thru 772 would start a new downleg.

intraday –  have met the 840 target.  now looking for consolidation or retracement of the day’s move. 794 will start a retracement down.  all pressures remain up, but extended. look to shorter cycles for the trade.

closed at 756.25

Monthly – still have the 716 target.  672 immediately below. divergence at the lows

weekly – 613 next target; but rising momentum and divergence suggests conditions are right for a retracement up inside this down move. 

daily- 724 next down target. pressures still hard down. need a close back up thru 786 to start the retracement.

Intraday – 726 next down target.  all indicators completely oversold, could cure overnight.  a trade thru 769 would trigger a trade to 795.

I have a confluence of weekly levels and daily down side targets.  805, 775, 764 on the weekly.

daily – 773, 765 and a cycle end on 11/26.  861 will start a retracement

intraday levels need to trade up thru 830 to start a retracement.

multiple downside targets in the 818-829 range, beginning to see pressures turning up.

863 long Entry Price has been hit 910 next PO. This is a retracement in the current down trend.  need to take out 1008 to change trend.  But we can trade inside this down move.

next down side target is 716.  a monthly close above 994 is required to start a retracement up of this downmove.  upward pressures in time and showing divergences here at these lows.

weekly is trading across both buy and sell entries.  currently in a sell to 764.  pressures are coming off, with divergences at the lows.  a trade thru 927 will restart the up trade, 1st PO is 1032.

daily- we have traded up thru the Entry Price to the 1st PO of 909 which stopped the move.  selling pressures are extended down. upward time pressures for three days then down into the end of the cycle around 11/26.  Friday’s late day downturn has come down to test the 863 up EP.  if that does not hold then the next downside PO is 821.

the night session Sunday will provide clues