sskim - tried to cash in - tuesday, page-18

TDSEQL on US markets last night plus the fact they stopped falling was a warning to trade the upside today from a gap down open.

If last night had been hard down then it could have been ignored till momentum lessened.

US is looking to gap up big and recently that has been a short. ie short up gaps in a bear but not in a bull.

Of course ninelives has been highlighting Armstrong's low about here plus his own analysis that confirms. Well done ninelives.

There is a bit of leeway here in days, so it is possible IMO that a bounce for a day or three is in fact the bounce into those cycles.

I think ninelives seeing a low perhaps is more conventional but....

There was a growing bearish consensus in time for around full moon and sentiment in general and that is always a worry as too many seeing "the truth" seldom works.

We are overbought on the very short term intraday now so it is possible the US gap squeezes in somewhat before their open. That would be more bullish IMO than the gap widening.