They are doing everything they can to hold this market up guys. Even if they succeed in holding it here until Friday it’s going to be really ugly next week. This market is set to crash hard!
Very bearish looking today. A gap up to take out stops and then a reverse back down isn’t good for the bulls. We’ll likely continue down all day today.
The gap down this morning likely started a wave C (or 3), and inside that wave C there will likely be 5 waves. The first wave of that ended this morning at the low and we appear to be in the wave 2 up inside that wave C. The next move down in the close today and likely into tomorrow morning should be the wave 3 inside that C wave.
When the FED pulls the money out of the market what do you think will happen? http://www.themeshreport.com/2013/08/world-stocks-down-fed-official-flags-stimulus-end
They are doing everything they can to hold this market up guys. Even if they succeed in holding it here until Friday it’s going to be really ugly next week. This market is set to crash hard!
Very bearish looking today. A gap up to take out stops and then a reverse back down isn’t good for the bulls. We’ll likely continue down all day today.
APPLE Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/08/apple-chart-analysis.html
Gap down tomorrow very likely!
GOOGLE Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/08/google-chart-analysis.html
Last chance to get short and catch a wave 3 down inside a larger C wave is right now I believe.
SPX update… http://screencast.com/t/9384oFebd
GOLD Trend update: http://niftychartsandpatterns.blogspot.in/2013/08/gold-trend-update.html
The gap down this morning likely started a wave C (or 3), and inside that wave C there will likely be 5 waves. The first wave of that ended this morning at the low and we appear to be in the wave 2 up inside that wave C. The next move down in the close today and likely into tomorrow morning should be the wave 3 inside that C wave.