Red

Thanks for the chart, Nice work

Tony Caldero's blog
http://caldaroew.spaces.live.com/

He states that this correction looks “exactly like the june july correction”

Like it did in July we correct into March (bad ? employment figure)

I believer Strause “jaywiz” says a big down move March 8th

GDX is basically saying “short me, I'm going down”. It has printed a candle pattern that I wish I had noticed before the close.

http://www.screencast.com/users/dreadwin/folder…

Kenny's blog is here:

http://kennystechnicalanalysisblog.blogspot.com/

I read it every day.

If I read Daneric's take correctly, he's saying that wave 2 is done in $RUT, Nasdaq failed to make it's wave 2 area. Kenny is saying that wave 2 isn't finished; that we'll squiggle sideways or lower tomorrow then up more to finish.

The doji on SPY today and IWM suggest to me that we go down tomorrow. GDX put in a black reversal candle yesterday, then a red doji today … aw heck, I'll just make a chart. See other comment.

In addition the vix is forming a bearish wedge and you can see the previous time that occured. ie big drop in the s&P

http://stockcharts.com/def/servlet/Favorites.CS…

Who is Kenny and do they both agree today?

Tony Caldero's blog
http://caldaroew.spaces.live.com/

He states that this correction looks “exactly like the june july correction”

Like it did in July we correct into March (bad ? employment figure)

I believer Strause “jaywiz” says a big down move March 8th

dreadwin,

I wasn't making up the futures being down.

I mean IB showed them down. Small red numbers.

They don't seem to use closing numbers for comparison — maybe 15 or so minutes after the close. Maybe.

I hope you are right. Sounds like we need to be alert tomorrow.

I'll shoot you guys an email if some one else doesn't beat me to it.