Altough my call for this correction has been delayed for few days last week, here it is and a bit more of downside action is left before the Last Rally...
Now here's the trouble:
most of the market looks right at the last rally, with banking sector goig looking for B just before a eventually terrible C, Transportation sector rolling down forever, as well as the small caps, and the whole S&P and Dow look ready for the last rally before a major turn to south;
but, who's going to stop Msft, Goog, Aapl, commodity and the the like it?
Their charts is absolutely out of control, proportionally related to how the $ is becoming cheap (yeas cheap, cheap, cheap...
)
So what we have is:
bottom this week with ndx max 2150 or s&p max 1475
top in 3 to 7 week not sure where
going to look then for s&p 1290...
but if i have to put targets on
goog=5000?
msft=100?
aapl1000?
gold=3500?
oil=300?
I really get confused...!
Anyway for the parabolic top discussion (excellent discussion) and for explain how i came up with this:
I use my momo signal patterns, my(pictorial)cci. I think that the only way you can time this market is finding good patterns on something very quick like cci, i discovered mine, they are very tricky and don't work everywhere but when I squeeze them properly i get the holy grail! You have yours...
Good trade to all.
EC
