wednesday washout, page-6

It is all getting a bit worrying.

My 99/56/155 pattern gives tomorrow as the low from July 8 and it better be or else.

If we haven't picked up by the close tomorrow, I think every daily indicator I have will be negative.

If we take out the low of the Dubai scare then chart pattern is very nasty.

It is possible to count from July 13 which gives Dec 15 as the low but what does a few days difference make. I once said that as I went long 2 days before the 1987 crash day, knowing there was still a chance of a "little" more downside.

If Friday here in fact is nasty and maybe takes out the Dubai low then I think Monday will dwarf it to the downside.

Now it could be that that is a follow on from a shocking US Friday night but there is another possibility.

Dubai and the like trade on Sundays, so it could be thhis coming Sunday that causes a "problem" Monday.