We should be starting an ABC up today. Wherever this A leg up ends the B wave down will likely start toward the end of the day. This is where the sheep that missed the top of the big move down will go short. Then we should have the C wave up tomorrow to squeeze them out.
The question is… what do they mean? They aren’t very obvious and it seems too me that when they decide to really tank it hard they make it stand out. Kinda of ego thing to them I guess.
and now it rips up, for now….
Yep… same old game. The “late comer’s” (retail bears) just shorted that weak bounce. They will likely get squeezed by the close today (or sooner?).
Silver chart analysis: http://niftychartsandpatterns.blogspot.in/2012/10/silver-falling-towards-200-sma.html
same old game if it plays out this way
We should be starting an ABC up today. Wherever this A leg up ends the B wave down will likely start toward the end of the day. This is where the sheep that missed the top of the big move down will go short. Then we should have the C wave up tomorrow to squeeze them out.
GOLD Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/10/gold-chart-analysis_24.html
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2012/10/s-500-analysis-after-closing-bell_24.html
The question is… what do they mean? They aren’t very obvious and it seems too me that when they decide to really tank it hard they make it stand out. Kinda of ego thing to them I guess.
11s today / dax -2.11% / S&P – 1.44% / Nasdaq -88% / DJI -1.82=11 hmmm
i have possible crash signals on my 15 minute charts. maybe not, but something is going to happen , either direction.