So... This has yet to be a 5 wave move. Theory suggests that we move back toward 100. then break down. The current 2 day sell off looks to me to have a little more in it, to the downside. ..... Umn..... This still leaves to possibility that we would break to the upside... then break down.
It is interesting that we broke to the downside...... But seems obvious it's a little descending triangle
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, October 23, 2008
a chart
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