If I read Daneric's take correctly, he's saying that wave 2 is done in $RUT, Nasdaq failed to make it's wave 2 area. Kenny is saying that wave 2 isn't finished; that we'll squiggle sideways or lower tomorrow then up more to finish.
The doji on SPY today and IWM suggest to me that we go down tomorrow. GDX put in a black reversal candle yesterday, then a red doji today … aw heck, I'll just make a chart. See other comment.
Tony Caldero's blog
http://caldaroew.spaces.live.com/
He states that this correction looks “exactly like the june july correction”
Like it did in July we correct into March (bad ? employment figure)
I believer Strause “jaywiz” says a big down move March 8th
GDX is basically saying “short me, I'm going down”. It has printed a candle pattern that I wish I had noticed before the close.
http://www.screencast.com/users/dreadwin/folder…
Kenny's blog is here:
http://kennystechnicalanalysisblog.blogspot.com/
I read it every day.
If I read Daneric's take correctly, he's saying that wave 2 is done in $RUT, Nasdaq failed to make it's wave 2 area. Kenny is saying that wave 2 isn't finished; that we'll squiggle sideways or lower tomorrow then up more to finish.
The doji on SPY today and IWM suggest to me that we go down tomorrow. GDX put in a black reversal candle yesterday, then a red doji today … aw heck, I'll just make a chart. See other comment.
In addition the vix is forming a bearish wedge and you can see the previous time that occured. ie big drop in the s&P
http://stockcharts.com/def/servlet/Favorites.CS…
Who is Kenny and do they both agree today?
Tony Caldero's blog
http://caldaroew.spaces.live.com/
He states that this correction looks “exactly like the june july correction”
Like it did in July we correct into March (bad ? employment figure)
I believer Strause “jaywiz” says a big down move March 8th
dreadwin,
I wasn't making up the futures being down.
I mean IB showed them down. Small red numbers.
They don't seem to use closing numbers for comparison — maybe 15 or so minutes after the close. Maybe.
I hope you are right. Sounds like we need to be alert tomorrow.
I'll shoot you guys an email if some one else doesn't beat me to it.
Dread, If you see that will you post to such?