Full market CRASH?

Just looking at the indices, a reversal here will be very bad I think. I dont know if it will happen, but take a look yourself. 1. We are up against resistance. 2. The a decline into the recent lows from the highs, then a B wave correction up we have been in. ............and next, ferk this looks gawd darn awful........... Wave c down targetting much lower levels down. I don know, am thinking maybe the commodity prices lead this down, as per my post below. After that we can rise, but this is a copunt I am seeing at the moment,. Next week I will post if I go long, short, or otherwise. What do you think Isaac? Good trading fellows!

Edited by Tor, 03 May 2008 - 09:51 AM.

I do not know about full blown one, but we could tank at any time. Look how weak the MACD is.
Rick

there will be no crash with vix here pullbacks will be bought for the next weeks

Yes, I see VIX has the potential to move higher from here. We are at the lower SEB, so we may get more that just a pullback, I do not know.
Rick