One of the alternate counts of some good EW people I know say we maybe in a 3 down now.. with the hump of last few days being a 2 up, and today the start of 3 down...
IF this were to pass, then one way to know for sure is if we start with a massive mofo gap down and just start tanking and tanking and tanking...
Today's equity p/c was very high, while oex p/c was low.. spread seems bullish.
Rasmussen poll got BULLISH a lot on a down day. That's not good.
I would assume any upside move above today's high will invalidate a 3 down for now. But the world markets seem to suggest bulls need to sweat a bit tomorrow.
World Markets
Holy world meltdown batman
Started by
dcengr
, Aug 14 2007 10:43 PM
2 replies to this topic
#1
dcengr
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Posted 14 August 2007 - 10:43 PM
Qui custodiet ipsos custodes?
#2
Trend-Signals
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Posted 15 August 2007 - 03:40 AM
Hi decengr, We have positive divergences on price actions and breadth. so, I am still looking for "Reversal Bottom" with caution since markets are trading at critical supports.
60m positive D, daily positive D, and now breadth positive D are building a good case for bottom.
Right now, the Asian markets are selling off, except $SSEC. Also, euro is selling off. So caution is necessary, though.
Good luck
http://investorshub....age_id=22077027
60m positive D, daily positive D, and now breadth positive D are building a good case for bottom.
Right now, the Asian markets are selling off, except $SSEC. Also, euro is selling off. So caution is necessary, though.
Good luck
http://investorshub....age_id=22077027
Edited by Trend-Signals, 15 August 2007 - 03:43 AM.
#3
calmcookie
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calmcookie
Posted 15 August 2007 - 08:14 AM
Holy World Meltdown Batman.
