Sunday, October 31, 2010

Market Outlook For Next Week

I will not be able to post on Monday and will probably be back on Tuesday.

The market is waiting for next week's important events. I think it will have an upward bias until Wednesday when the "sell after the Fed" trade might work again - 1200 looks reachable. I expect it to close down for next week and attempt to rally again the week after.

My guide will be, as usual, the put/call ratio:


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