Kamis, 06 Oktober 2011

10-07-2011 outlook

Clearly I have been off in my outlooks the past 3 days (since we bottomed Monday).  So I am examining the data to see if dominance has shifted to longer cycles and it appears that may be the case.   We should have a clearer picture in the next few days.  For now - I am going with that assumption and made some adjustments to reflect that.

So we may see some additional upside next few days if my adjustments prove out.  I continues to hold some longs, but have now sold covered calls on them.  Let's me collect the dividends and generate additional cash flow while offering some downside insurance.

Here is the SPX swing trade cycles:

 Gl traders.  Do your own analysis.

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