Just like the chart Apple Al posted, if we completed 5 waves down, then that could have been a “A” wave, with “B” wave back up taking us to 1080-1085 area.
But after that, it's down hill from then on I believe.
You may be right, but I am concerned that the 1st good earnings report will be the “reason” to run this up. I really hope we don't have to wait for that “reason”
Look at this 60 minute chart Woody…
http://stockcharts.com/def/servlet/Favorites.CS…
I'd like to see the histogram bars rise up into positive territory and roll back down, aligning themselves with the daily… that is now pointing down.
Once that happens, we'll see a big down day my friend.
There we go… bankers are starting to turn downward now…
But this is just sickening….
LOL… of it's rigged Woody. You don't actually think they want to make you rich or something… do you?
Now I know the markets are rigged. JPM and C post lower than expected profits… and the stocks tank. GS fails miserably… and is up 0.5%?????
Just like the chart Apple Al posted, if we completed 5 waves down, then that could have been a “A” wave, with “B” wave back up taking us to 1080-1085 area.
But after that, it's down hill from then on I believe.
Yeah, that VIX chart looks like it wants to roll back down, with would indicate a rally in the market. I just don't see it right now.
You may be right, but I am concerned that the 1st good earnings report will be the “reason” to run this up. I really hope we don't have to wait for that “reason”
Al,
If all 5 of those waves down make up an “A” wave, then “B” up should go to 1080-1085, and “C” down should retest the 1010 low.
They are trying desperately to save this week.
Vixe s ae week but still positive. Perhaps we are just in the lull of the am and the people are just not nervous yet.