Anytime I'm talking about crashes, we are days from an important low.
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This is site visit Data from "The big Picture". There is an increase in traffic as we get to "Panic", and we have yet to see it. there is only a slight increase. it will take a few good days of increased traffic, then a "Spike" that will be the Turn. you can actually almost draw an Elliot wave here, and it looks like a nice wave 4 over the past 3 days.I also wonder if Carter Worth was out today, Shilling for a panic... I wonder if he is doing his level best to get some panic going.
Another good indicator, is that Just before an "important low" even the Bears want to jump off a building.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, July 10, 2008
indicators
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