Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 679.96

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Oct 30 4:00 PM EDT

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To: GROUND ZERO™ who wrote (98454)	11/13/2017 10:16:58 AM
From: robert b furman	1 Recommendation Recommended By GROUND ZERO™ Read Replies (1) of 218216

Hi GZ, I tend to agree with zzpat. It ought to be the death blow to favorite cult stocks like tsla. I think they may well be a canary in the coal mine. Many EW ers think we are in a 5 of 5 of 3 up and will soon enter into a corrective 4. If TSLA loses government subsidies (why should the wealthy get a 7500.00 subsidy for driving a luxury car) then they'll break down below what looks to be an ABC that is finding support at a price level that they broke out from in the past: stockcharts.com I think it is time to tighten up stops and be prepared to hold your favorite stock through a bit of a turbulent time. 2cs is now about to go into the 50's and clx 30 day faces very large head winds. I'm expecting sideways churn into the expiration on Friday and then a reset into December. JMHO Bob

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