Hate to say this but with the Dow down 240pts at the moment, our daily chart looks just like 1987.
Both times we had a stair step decline and when we got oversold, it collapsed.
The scary think is, if it is to crash, then Wednesday here is only the day before the BAD day. Yes it will be a bad day but nothing compared to the day after.
So if we get through Wednesday night's US session with out a crash then we shouldn't get one.
By the way, weren't rates jumping back during Oct '87 just like they are in Europe at the moment.
If we don't crash then I think we go down to the base of the broadening top at 4500, bpounce then down to 4000, possibly to my "magic" SPI 4020.
Would 4020 foresight be better than 2020 hindsight, lol?
tired tuesday, page-61
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