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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (78422)	1/18/2016 12:15:35 PM
From: POKERSAM	Read Replies (1) \| Respond to of 218280

Looking at the VERY short term I have a question, will we go up or down tomorrow? Tomorrow will be enlightening. Will we break the low of 1857 because 4 ended at 1934 and we will be in 5 down or will we go up to 1950 area in a [c] wave to finish 4? That is the question IMO. The action Friday from 1857 counts better as being corrective than impulsive which would argue for down in 5 with 4 ending at 1934. But the other option also has arguments in its favor. So up or down the market will be right and I will try to keep up. Right now I lean toward down. By this afternoon I may lean toward up. LOL That is why I am flat. Down will be [iii] of 5 and up will be (iii) of [c] of 4 so either one could be dramatic. I don't mind missing it because the market will still be there when the dust settles. I like high odds bets. heh heh For those who do not care for short term EWP the Intermediate and Long Term trend is definitely down. Expect it to continue. So all surprises will be to the upside and any upward movement will be considered no more than bounces. Now we play by bear market rules. Whether the decline from the May 2015 top at 2134 is just a correction or a new cyclical bear market is irrelevant at this point. As to the purpose of this board I have to say I apologize GZ. I thought about that but was unable to constrain myself.