also the general advancing structure of the sp500 in 3 waves was similar to nasdaq advance before the crash... (and notably each wave was about same length and each advance was shorter in terms of time which points to exhaustion)
also we are close to a 2B sell signal on the weekly... in 1987 that led to the crash..
but the worst looking situation is the class C bearish weekly divergence...
it should mean even with a bounce here early this week, we start to bleed down again and then accelerate..
Edited by tradesurfer, 15 October 2012 - 08:24 AM.
