Curious what you think of Hugh Downs comment:
Now, we are below the lowest low at 9,800 and falling.
Looking at the Weekly Chart, we can see that the Diamond
Pattern may, indeed, culminate in a failure. For those who
have not read this page before, diamonds are rare patterns,
and imply moves down a distance equal to their height.
Since this one is about 2,000 points in size, and the low
is around 9,800 we have a case for a market moving down to
about 7,800. That's a lot.
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I wonder about buying puts on the indexes |
