AA, earlier today you were talking about tooo scary? Well, this is all based on straight TA, (cuz I don't know enough E-Waves yet to understand half of what youse guys talk about, let alone apply it myself).
Anyhow, it's plain old pattern analysis on the indexes, and it's really, really FUGLY! I was trying to tell myself that these declines were just retests -- and thus not really worthy of being called "patterns," but I've capitulated on that idea, and I now realize I must call a spade a spade. More specifically, I must call a whole bunch of bear flags "a whole bunch of bear flags."
Here are the numbers I arrive at:
COMP 1120
NDX 800
SPX 760
DOW 7571
SOX 250
BTK 281
BKX 580
XAU 43
And here are the charts, (all on one page for easy perusal). investorshub.com
TIMEFRAME? I'm guessing this week, but... {SHRUG} |
