Timothy Eklund's Blog (1)

Would appear that a November swoon in equities could be in the offing. Divergences between a variety of technical indicators and the indecies provide the technical backdrop, and with earnings season past and money managers likely looking to book profits for 2010, appears things are ripe to see a sell-off.

Charts would suggest, if such a sell-off occurred, that a downside target could be in the 10,300 range.

tim