Thanks to Mike Korell and his ChartsEdge - here are today's BP and Pattern Recognition maps from http://www.chartsedge.com/wp/:
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Wednesday, December 16, 2009
ChartsEdge equities intraday cycle forecast maps for 12/16
Welcome to FOMC Wednesday! And we even have opex Friday in a couple of days. And we've got folks wondering when the Fed will tighten (it's supposedly already withdrawing some of the liquidity support, according to Abby Joseph Cohen). While there are reasons to see equities gravitating toward SPX 1100 and RUT 600, with a lot of options spread plays being put on. Well - let's turn to one of our favorite intraday tools (and remember, these kick in from the market open at 9:30 am ET).
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