waskly wabbit wednesday, page-44

superk28

if you look at most of the overnights falls for sometime we have been able to trade out of them off the morning lows, yesterday was no exception but the pre cursor for a bad wed was the 1% cut.
I mentioned the other day that many indicators suggest its not over yet and im talking simple basic indicators rather then time and price set ups. If i have any doubt about a turn i alwasy revert to simple indicators.
Maybe we need a day where we go lower and lower as opposed to rallying in hope of a bounce from overseas. I think you would expect a 75% chance the FED will drop the rates tonight or thursday night which could offer a bounce but i am leaning more to the 18th now.
As for trading simple indicators only here :)))))))