I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Tuesday, November 1, 2011

Nov 1

Gap down today, right into a big support zone. So far we are just hovering right above support and have been all day.

Today felt a lot like Sep 22. In fact my main indicator had also the same rate of change profile for the last 2 days as it did for Sep 21-22. It will be interesting to see how that plays out, whether this is a hold of support, or if this continues to break down.
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