A nice little squeeze into early tomorrow morning I think. Then more selling. We could see a wave 3 of 3 start tomorrow or Wednesday… especially if Bernanke disappoints.
There is usually just one decent bounce day before the selling really gets started and that should be tomorrow. I see this last wave of selling as a wave 5 down (inside a larger wave 1 down). That means we should see a larger wave 2 up tomorrow morning and then the start of the larger wave 3 down to follow. It should last all week I’d think.
looks like aapl may get an AM gap up with the MOMO its got here at the EOD
Should scary the retail bears Turbo…
A nice little squeeze into early tomorrow morning I think. Then more selling. We could see a wave 3 of 3 start tomorrow or Wednesday… especially if Bernanke disappoints.
wait for rut845
what now
GOOGLE Chart update: http://niftychartsandpatterns.blogspot.in/2012/10/google-chart-update_23.html
looking forward to it 8)
I see several FP’s to 143.41 on the SPY… time to squeeze the retail bears!
Thanks- updates always appreciated. Learned a lot since following this blog- made me dwell into numerology as well.
CRUDE Oil breaking support levels: http://niftychartsandpatterns.blogspot.in/2012/10/crude-oil-breaking-support-levels.html
There is usually just one decent bounce day before the selling really gets started and that should be tomorrow. I see this last wave of selling as a wave 5 down (inside a larger wave 1 down). That means we should see a larger wave 2 up tomorrow morning and then the start of the larger wave 3 down to follow. It should last all week I’d think.