THE OUTLOOK FOR "DT" SELLERS ARRIVED 10/23/13

From yesterday's blog (AM post).

The obvious outlook to be aware of?  A second selling later in the market back to the original static levels around the 50CB.  This would fulfill a "DT" strategy.

The Dick Tracy sellers did arrive, and PA push down to the 50CB and continued into the after hours.

The DT pattern is the green arrows.  It is patterned after the 40's hats seen on our her, Dick Tracy.

PA

PA runs higher and retraces to support followed by another run higher.  The problem?   The catalyst has expired and the professionals dump into the "let's join the bandwagon" traders.  PA pushes down below the origin creating a longer PB run.








The good news:  support was seen as buyer again entered in a staggered HL pattern.  Outlook?  With a better enter price, market is likely to continue in bullish pattern.  




 

1768 still part of the plan, and nothing wrong with a 1784.....