I agree… too many people are getting bearish now. We need to fool them and squeeze them out tomorrow with a rally instead of a crash. More B.S. numbers will do the trick.
I agree… too many people are getting bearish now. We need to fool them and squeeze them out tomorrow with a rally instead of a crash. More B.S. numbers will do the trick.
I see a clear 5 wave pattern down right now, from the top last Friday to the current low today. I’m no elliottwave expert, but we “may” have put in a short term bottom, completing wave 1 down.
If so, we should have an ABC move up tomorrow and possibly Monday. It should be at some Fib level (50% or even 61.8%). I’ve been wrong too many times in the past thinking the market was going to crash when it went down in a similar pattern, only to see a wave 2 rally kill my shorts. I remain in cash.
I see a clear 5 wave pattern down right now, from the top last Friday to the current low today. I’m no elliottwave expert, but we “may” have put in a short term bottom, completing wave 1 down.
If so, we should have an ABC move up tomorrow and possibly Monday. It should be at some Fib level (50% or even 61.8%). I’ve been wrong too many times in the past thinking the market was going to crash when it went down in a similar pattern, only to see a wave 2 rally kill my shorts. I remain in cash.
I feel a bear squeeze coming tomorrow. Too many people will now be expecting the market to tank on Friday because of the GDP numbers that come out (which most people will think they will be horrible).
I agree… too many people are getting bearish now. We need to fool them and squeeze them out tomorrow with a rally instead of a crash. More B.S. numbers will do the trick.
I agree… too many people are getting bearish now. We need to fool them and squeeze them out tomorrow with a rally instead of a crash. More B.S. numbers will do the trick.
I see a clear 5 wave pattern down right now, from the top last Friday to the current low today. I’m no elliottwave expert, but we “may” have put in a short term bottom, completing wave 1 down.
If so, we should have an ABC move up tomorrow and possibly Monday. It should be at some Fib level (50% or even 61.8%). I’ve been wrong too many times in the past thinking the market was going to crash when it went down in a similar pattern, only to see a wave 2 rally kill my shorts. I remain in cash.
I see a clear 5 wave pattern down right now, from the top last Friday to the current low today. I’m no elliottwave expert, but we “may” have put in a short term bottom, completing wave 1 down.
If so, we should have an ABC move up tomorrow and possibly Monday. It should be at some Fib level (50% or even 61.8%). I’ve been wrong too many times in the past thinking the market was going to crash when it went down in a similar pattern, only to see a wave 2 rally kill my shorts. I remain in cash.
They always fudge those numbers, and then a few months later tell the truth.. So expect bloated numbers IMHO
They always fudge those numbers, and then a few months later tell the truth.. So expect bloated numbers IMHO
I feel a bear squeeze coming tomorrow. Too many people will now be expecting the market to tank on Friday because of the GDP numbers that come out (which most people will think they will be horrible).
San,
What do u think about gold and silver chart
Positive divergence: http://niftychartsandpatterns.blogspot.com/2011/02/dow-jones-positive-divergence.html
Positive divergence: http://niftychartsandpatterns.blogspot.com/2011/02/dow-jones-positive-divergence.html