WARNING: If you are not a wave-person, then you should naht bother looking at this chart.
Reason 1) It absolutely not interest you Reason 2) It can only do more harm than good if you use it to day-trade or swing-trade Reason 3) If you are bullish, see the purple death-arrow (Exhibit A) and you can save a few dimes
All I'm trying to say here is that the market is perhaps, maybe, somewhat certainly, almost definitely bullish naht.
Oh yeah - what happened to the incredible, state-of-the-art indicator/index/black box that is supposed to tell us when the market is unsafe? In other words, why is it that the VIX is still a thing when the only time it warns about a market storm is after the entire population has lost half their wealth?
My latest count on DJ futures leads me to conclude that Wave (3.) down has either begun or will begin very shortly.
Trade active
break of the trend above is at least one more confirmation of the count. Also, throwover on the Nasdaq should help DJ make a swifter move down tomorrow.
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