Red

Refresh page for new video update…

For you late night people, I’m working on a new video update but it will be about an hour (or two) before it’s done.  I’ll try to keep it short so I can get it up faster…

S&P 500 Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/08/s-500-analysis-after-closing-bell_25.html

APPL will no longer be an APPLE.  SJ was the brain behind it, now he is gone this stock is going down.

Steve Jobs resigns …/NQ taking a beating after hours 

Steve Jobs Resigns As CEO Of Apple, Tim Cook Named CEO

Well that would mean transports would have to have a 5 wave extension within this last 5th wave. If we rally hard after big Bens talk it would mean the other indexes had a truncation for its 5th wave..Anyway, i think its smart to follow the transports now b/c it has the clearest waves right now…

I seen that too… another sign that the market isn’t done with this Major wave one down yet.

Looks like the Transports are the only index i see a clear 5 waves down from 5,600 to 4,200 on the daily mmmm

You could get your wish GL… if they manipulate it up against the charts tomorrow.  The short term charts say we go down in the morning and rally into the afternoon, but I’ve been fooled before, and will be wrong again before I retired at age 200. LOL

Well I got a 1/3 of my short position at 1173. Hoping for an upward bias tomorrow morning with the sp. to buy layer in more shorts.