feds watch trading, page-85

Prophet

Well I sure goy last night wrong.

Inclined to think last night was a high, but no great confidence.

Chart patterns are very interesting at this point.

We have weekly and monthly divergences that suggest much more serious downside, but we also have trangle or wedge type patterns on many markets.

The latter would require a pullback for a week or two and then explode up.

So either way we probably have a pullback before the highs are reached and then its serious decision time.

I have noted all the year end entries I think and will post later.