The daily's, weekly's, and monthly's are all rolling to the downside now Monica. I'm not looking for any serious bounce until we hit the 200ma (daily chart) around 1020-1030 spx.
Don't be fooled about Monday, it's not going to be bullish like it has for the last several months now. Times are changing.
The wave 2 that is coming is a smaller wave 2 inside a larger wave 3, which should have 5 smaller waves inside it. I think the larger wave 2 is over, and we just had a smaller wave 1 inside a larger wave 3.
Red, is it possible that the Monday/Tuesday turn date you are seeing is a huge move up (i.e. short covering massacre)? What makes you think it is down?
What if the market placed a bottom (V) either today or tomorrow/overnight and then bounces for a couple of days making wave 2. And then the beautiful 3 down the tubes?
Red, I'm in it for the long haul and will stay short. That's why I didn't try to catch the top. I have been losing money for months but I truly believed I would be OK and hopefully now I will be.
Don't worry Red – it's never too late and I'm sure you will get your chance. I think the only thing I have learned from the stock market is to expect the unexpected!
OK, Red, I'm a jerk. I was on some other sites earlier and got peeved because I'm a long way from convinced that the prevailing count is correct….and I go and pop off on Anna's blog. Then I come here and see that your count is matching up to the other guys I saw! I'm sorry, I didn't mean to sound like such an asshole. And I certainly didn't have you in mind when I posted.
The daily's, weekly's, and monthly's are all rolling to the downside now Monica. I'm not looking for any serious bounce until we hit the 200ma (daily chart) around 1020-1030 spx.
Don't be fooled about Monday, it's not going to be bullish like it has for the last several months now. Times are changing.
It's hard to get them all right Dark. I missed out on this big move down because I didn't expect it until this Monday… so don't worry about it.
The daily's, weekly's, and monthly's are all rolling to the downside now. We are going down my friend!
The wave 2 that is coming is a smaller wave 2 inside a larger wave 3, which should have 5 smaller waves inside it. I think the larger wave 2 is over, and we just had a smaller wave 1 inside a larger wave 3.
Red, is it possible that the Monday/Tuesday turn date you are seeing is a huge move up (i.e. short covering massacre)? What makes you think it is down?
Hey Leo
What if the market placed a bottom (V) either today or tomorrow/overnight and then bounces for a couple of days making wave 2. And then the beautiful 3 down the tubes?
hong long… (red dragon).. thanks for sharing your thoughts… Just looked at options for FXI / FXP…. nice action….
Red, I'm in it for the long haul and will stay short. That's why I didn't try to catch the top. I have been losing money for months but I truly believed I would be OK and hopefully now I will be.
Ain't that the truth girl? Stay short if you're already there. I'll look for a bounce tomorrow to join you.
Don't worry Red – it's never too late and I'm sure you will get your chance. I think the only thing I have learned from the stock market is to expect the unexpected!
OK, Red, I'm a jerk. I was on some other sites earlier and got peeved because I'm a long way from convinced that the prevailing count is correct….and I go and pop off on Anna's blog. Then I come here and see that your count is matching up to the other guys I saw! I'm sorry, I didn't mean to sound like such an asshole. And I certainly didn't have you in mind when I posted.
Man, I should keep my big mouth shut sometimes…