GREAT TIME TO BE IN THE MARKET 10/3/13

AS the government plays hand grenade toss, money is salivating over the market opportunities.  The "Better Price" Theory discussed is coming into play.  A settlement will occur, and buyers will have their better price for the Q4 run into the 1700's.  We still stand by the 1734 area and now see a possibility of 1768.

Today was a classic expanded BOT run.  A sell signal in a narrow range was important, and so was the LB failure.  Continued strong 50CB's and the PA gap to the EMA were strong sell supporters as well, and the 50CB's help define a trading range for the day. (blue bars).  Another strong point, as PA ran for BO-20, was the breaking of the 55-89-233 period MA's.  all fib values we deem as important, but rarely displayed.

Outlook:  a strong 70-100 point rally for the year end.