crash part two, page-128

1984

I hate to get into day to day predictions.

For fun I posted 1929 and 1987 charts to watch the daily comparisons.

Mclaren would say that new lows should be made within equal days plus one of the up move by his counting method if going lower.

I think his up count is 5 or 6 and we have 1 down.

I suspect a lot got bearish again today so we may need a bounce to tell them and the bulls that it was just a minor retracement.

So a new low needs to be made by mid next week to continue a bear.

That would suit me fine. A new low mid next week, a 1 or 2 day bounce and then watch out.

I remain flexible as it would be unusual for a crash before expiration.