jinxed it....... to bad....I want to get this climax over......either way....action is great.... but need to sleep some time.
id have to state the obvious that its a GLOBAL crisis, and regardless of TA crap for the american markets, asia and europe can easily throw off any solid speculation. you'd have to study the worlds trend at this point to do research or guess if you wish.
What was the lowest intraday ? I thought it was 7 thousand something. DJI should visit that level again. to form a double bottom, or this time there might be another slide for triple bottom.
This reminds me of Shorting Ryland Homes (RYL) all summer... You KNOW homebuilders are cooked.. but it kept levitating.. by the time it finally drops you are too broke to short it... I agree with all the lower predictions but markets have a way of going A, K, H, I, K, P, H, U, M, K, D,..... then finally to B. It is what attracts us all... the puzzle.
I think I was the first one to point out the descending/continuation triangle on Monday. Now everyone is talking about it.