Sunday, April 18, 2010

Andre Gratian's Turning Points weekend report should be added to weekend reading

Folks - Andre Gratian has issued his weekend Turning Points report to his subscribers. I can share that he's saying if the market drops under 1190 again, it will focus on 1176, and if under that then the 1160's. Below that are areas like 1142 and 1135, depending whether the 200-day moving average provides form support or not. And normally I'd post Andre's report here as well - just technical difficulty due to traveling (chance to go to Hilton Head and I took it). If you haven't already tried a free subscription at least, you might check it out, because his technical analysis is great. He takes an objective approach using classic technical analysis together with cycles, Fibonacci work and some thoughts about wave counts, in his Turning Points reports. Andre's website is at Market Turning Points (always included in the sites list at right side of the page here). He provides his weekend updates also to his subscribers, and on occasion at Safe Haven as well. And of course his intraday updates and comments to his subscribers.

Below is Andre's hourly SPX chart as he shared with subscribers mid-day Friday. It gives some flavor and helps show why we've got to determine if Friday's downdraft was a quick correction or will become something more.

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