Greetings:  Oct 18 @ 8:55 a.m. e.s.t.

   There are no major economic reports out today
and the T-Bond Futures have just opened down here
dropping a few ticks as the U.S. Dollar Index
struggles below the 97 level on the DX99Z
and the December Spoo's trading marginally higher
here  below our 1,265 pivot for this morning..

  We remind you here that the Market 'cannot'
form a bottom without a CAPITULATION SELLING
CLIMAX here and we will be watching the 1,265
pivot in the SP99Z as well as the 1,250
lows earlier this morning..  One thing is for
sure..the CPT will do their darndest to turn
this thing back around as the SP99Z gets ready
to open for trading this morning..  We will
look for any signs of this capitulation selling
climax that may not nesscearily come today...but
one thing is for sure it will come and the Dow may
be much lower at the point that it originates...

   Thus, we will get ready for another wild
session as we look to the 10:00 a.m. window
and our if..then.. parameters as we state
in today's Trader's Tales..

The oexmaster.com




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