US 30 May Be Headed for a Very Unmerry Xmas
Updated
Twain observed in Pudd'nhead Wilson;
"October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February."
How about a December crash? If this model plays out Santa will by cryin'.
Notice rejection this week at TL. Downtrend continues. "Pie-in-the-sky" forecasts of Sand P 3000 and DowJonzed 30,000 are not likely at this juncture. Bull traps!
Retracements have been between .382 - 0.50, notice the Fibo bars (note arrows). If we enjoy a similar pattern on the next bounce could climb back as high as 25,500 or turn back sooner at 24400. There's a short entry window 100 pips wide.
If a five-wave complex down wave emerges the pattern could look like this projection, and a 4th wave might give another bounce before capitulation. Or not.. maybe it just breaks. There seems to be no bottom in this market, every day is a chance for 600-800 pip selloff. It's getting closer to real panic in my humble opine.
One day soon will go off 2K... GLTA
This ain't advice, it's just a funny looking chart with mostly random squiggles, they probably have no meaning, invest at your own risk!
"October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February."
How about a December crash? If this model plays out Santa will by cryin'.
Notice rejection this week at TL. Downtrend continues. "Pie-in-the-sky" forecasts of Sand P 3000 and DowJonzed 30,000 are not likely at this juncture. Bull traps!
Retracements have been between .382 - 0.50, notice the Fibo bars (note arrows). If we enjoy a similar pattern on the next bounce could climb back as high as 25,500 or turn back sooner at 24400. There's a short entry window 100 pips wide.
If a five-wave complex down wave emerges the pattern could look like this projection, and a 4th wave might give another bounce before capitulation. Or not.. maybe it just breaks. There seems to be no bottom in this market, every day is a chance for 600-800 pip selloff. It's getting closer to real panic in my humble opine.
One day soon will go off 2K... GLTA
This ain't advice, it's just a funny looking chart with mostly random squiggles, they probably have no meaning, invest at your own risk!
Trade active
Looking pretty good, but wave 1 was deeper and steeper than anyone expected, wave 2 more diminutive, so it's really bearish. Expect 1k more to fall.
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