I see a choppy rally into this Thursday. Then I think the next 3 weeks will be down, and down BIG!
Red, Looks like your call of an early start to the correction( vs.the October time frame) is looking very accurate. How do you see this playing out?
Last Friday produced a 5th HO signal (Hindenburg Omen). Keep in mind, it only means a correction/crash is ‘on the clock’. For past history read: https://www.technicalindicatorindex.com/subscribers/guest-articles/Main%20Line%20InvestorThe%20Past%20Performance%20of%20the%20Hindenburg%20O%85.pdf
Yes, this panic selling should end Monday (Tuesday at the latest), and then a rally into Thursday where I’ll look for a short into July 31st.
you thinking 1 day crush, then bounce Tuesday into Holiday?
Larger put order expiring July 17th http://www.screencast.com/t/GdSQ2UBt7LS
Last bounce before the cliff dive…
Great minds think a like.
We’ll be very oversold at the open. I’m expecting a bounce into Thursday. Don’t know how high, but I see the end of this week being the best time to short into the end of July.
Greece – Banks and Stock Market closed on Monday. We will open -500 in the DOW and S&P will see 1875 this week.
I see a choppy rally into this Thursday. Then I think the next 3 weeks will be down, and down BIG!
Red, Looks like your call of an early start to the correction( vs.the October time frame) is looking very accurate. How do you see this playing out?
Last Friday produced a 5th HO signal (Hindenburg Omen). Keep in mind, it only means a correction/crash is ‘on the clock’. For past history read: https://www.technicalindicatorindex.com/subscribers/guest-articles/Main%20Line%20InvestorThe%20Past%20Performance%20of%20the%20Hindenburg%20O%85.pdf
Yes, this panic selling should end Monday (Tuesday at the latest), and then a rally into Thursday where I’ll look for a short into July 31st.
you thinking 1 day crush, then bounce Tuesday into Holiday?
Larger put order expiring July 17th http://www.screencast.com/t/GdSQ2UBt7LS
Last bounce before the cliff dive…
Great minds think a like.
We’ll be very oversold at the open. I’m expecting a bounce into Thursday. Don’t know how high, but I see the end of this week being the best time to short into the end of July.
Greece – Banks and Stock Market closed on Monday. We will open -500 in the DOW and S&P will see 1875 this week.