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#1 CLK

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Posted 10 October 2018 - 07:25 AM

People that think this is still a bull are wrong and will keep getting stopped all the way down.
 



#2 PrintFaster

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Posted 10 October 2018 - 08:08 AM

Europe stocks getting destroyed.  DAX now at critical level where the bottom could fall out.



#3 tsharp

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Posted 10 October 2018 - 08:30 AM

I posted all three weekly majors in Europe yesterday on my insta... the point of recognition still has not arrived, and I do believe there will be a bounce when the DAX hits the neckline, but once it breaks, it will likely be the point of recognition for Europe...

 

DAX_W_10.9.18.jpg

 

 

CAC40_W_10.9.18.jpg

 

 

 

FTSE100_W_10.9.18.jpg



#4 tsharp

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Posted 10 October 2018 - 08:49 AM

People that think this is still a bull are wrong and will keep getting stopped all the way down.
 

 

Bull and bear are relative to the time frame you're trading... please define what time frame you're suggesting for the bear market.

 

I'm also assuming you're speaking of the US markets?  Not all US indices will necessarily turn over together.



#5 CLK

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Posted 10 October 2018 - 08:51 AM

You have seen THE top for a year, how is that ?



#6 PrintFaster

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Posted 10 October 2018 - 09:01 AM

As expected, the SOX is leading the selloff.

 

Down 5 consecutive days with some real acceleration today.

 



#7 PrintFaster

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Posted 10 October 2018 - 09:10 AM

Investors fleeing for the safety of Widow and Orphan stocks.  Higher interest rates are no longer a worry as crashing markets will eventually send money back into bonds.

 



#8 tsharp

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Posted 10 October 2018 - 10:05 AM

You have seen THE top for a year, how is that ?

 

Clear enough... but I do think you're mistaken.

 

My work suggests major - LT tops for the SPX - do not come with the momentum up at this level.

 

SPX_W_10.10.18.jpg

 

 

I think this is either wave-c:iv, or wave-a:iv with a b-wave soon, then c-wave to follow... twt.

 

SP00_240_10.10.18-1.jpg



#9 CLK

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Posted 10 October 2018 - 10:06 AM

Just remember, you heard it here, no new highs.

 

 

Nobody cares about the weekly A/D divergence, they will though but it will be too late.


Edited by CLK, 10 October 2018 - 10:07 AM.


#10 CLK

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Posted 10 October 2018 - 10:11 AM

Wave 3 of 1 down right here, right now.