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Pastimes : Ask da_cheif
MVIS 2.840-5.6%3:59 PM EST

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To: da_cheif™ who wrote (8124)9/19/2020 12:38:21 PM
From: robert b furman   of 8146
 
Hi Cheif,

10 day clx offsets are all negative for next week -42 or -8.4 points a day

30 day clx are all positive for next week + 43 with an average of +8.4

It has been hard to get a match with both averages combining for a boost of late.

With aydis getting close to zero +1.3 and post option expiration early next week, I'm thinking we'll get a quick second dip of aydis into the negative.

That second dip should gives us the clear for a nice rally and call this ABC put to bed.

As Gemx has pointed out, we need a retrace to go quite a ways up to remove the fear of a Bigger C wave yet to come.

All of this as we get really close to the election.

If you trust Fox business news and the Rasmussen polls Trump the incumbent is gaining traction towards re-election.

S&P seasonal pre-election indicates a bottom in the third to fourth week of October.

Lot's of uncertainty out there.

It sure would be a good time to launch a rally - not many people are on board.

Seems like the train leaving the station would not have many onboard going to the base camp of K2.

Bob
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