XJO - Bear Posts only (Factors which might cause the markets to fall), page-17927

Hey bud, I have already said it is possible they hold up the markets till the elections (refer to my prior posts) I just don't find it likely. I still believe the market will top prior to elections but as I posted previously its possible. Either way its still all a short term view for markets (few weeks difference) so bulls want to be very cautious now.

Just to clarify my position once again (as posted) I am still waiting for the Nasdaq to fill that upper gap. As I posted filling it on an intraday basis wasn't sufficient IMO. I still believe the Nasdaq has topped however. Once we fill that gap I expect the Nasdaq to put in a lower high and the S&P to top at about the same time. Then we get our reversal IMO.

This does mean I still expect the markets to have one more push higher. Need to make this clear before a bull tries to misquote me. Is it possible I am wrong and the Nasdaq didn't top? Yes, unlikely but possible, but as I said above either way the market is only buying itself a few more weeks at best IMO. Is it possible we collapse now? Yes unlikely but possible.

This to me is now all just a debate over details. Meaning when will the markets collapse not if and its a debate over when in the short term it happens no longer medium or long term. Hence as I said above bulls want to be very cautious if bears are right it really doesn't end well. Good luck all.