3 replies to this topic

[S.I.M.O.N.]

If today was a "one day" bear wonder, a bottom tick close would have made a lot of sense as it would have given us the usual 3 days of fear for the price of one, the rally into the close has done the opposite with most bulls now thinking the worst is behind them. I am looking for a small rally monday morning to go short again. went short er2 at the close 811.4, plan to short the rest of the indices on monday.

[dcengr]

You and I are on the same page my thoughts exactly.

[kc135a]

If today was a "one day" bear wonder, a bottom tick close would have made a lot of sense as it would have given us the usual 3 days of fear for the price of one, the rally into the close has done the opposite with most bulls now thinking the worst is behind them. I am looking for a small rally monday morning to go short again. went short er2 at the close 811.4, plan to short the rest of the indices on monday.

You appear correct on the short term but I think we still have one more higher high or double top due next week.

My fib timing high dates are 2/13 for the NDX/SPX and today was it for the DOW. Allow +-2 TDs with an outside 4 TD error and final high should be late next week and no later than very early the following week.

It is possible the highs may be in, but I still lean to one more push up.

Appreciate your work and contributions.

KC

[greenie]

I think at least NDX topped. All components of it that I checked show signs of topping. Anyway, I have no time machine like pnfwave and been wrong before.