I think we are in a 4th wave down right now, and will have one more 5th wave up on Monday… then down. I’ve exited my shorts and I’m sitting in cash until next Monday. I want see that 5th wave up.
I think we have just about bottomed for today. We could have one more push down, but I expect them to turn this back up into the close. The dip buyers will be out in full force within an hour I believe (or less?)
This market is like a drunk guy trying to walk a straight line… eventually he will fall down. Too late… he just fell. Call 911… I think he hit his head! LOL
Next stop…
http://screencast.com/t/5EdX88MTVpQV
Here’s the reason…
http://screencast.com/t/MIDb8DrLenL
Plus, it’s a Friday and we have light volume in the market… which means it’s easier to manipulate higher.
I think we are in a 4th wave down right now, and will have one more 5th wave up on Monday… then down. I’ve exited my shorts and I’m sitting in cash until next Monday. I want see that 5th wave up.
I think we have just about bottomed for today. We could have one more push down, but I expect them to turn this back up into the close. The dip buyers will be out in full force within an hour I believe (or less?)
SPX AT 50 SMA: http://niftychartsandpatterns.blogspot.com/2011/10/s-500-at-50-sma.html
Break out, then a break back in.
This market is like a drunk guy trying to walk a straight line… eventually he will fall down. Too late… he just fell. Call 911… I think he hit his head! LOL
Yeah… more B.S. manipulation it seems.
Not to day.
Break you Pig!
http://screencast.com/t/7GsvxEgV6