Starting to get the feeling that the US indices are putting in very short counter trend (1 to 3 days) before resuming the fast move down. Today is day 1. McLaren's highest probability is a successful test of the 9/8 low (which may be a marginal break and recover) and then up to the base of the topping pattern with few month rally, but this is looking really shakey here. There is not much enthusiams. If the pattern on the DJIA were a higher double bottom as part of a larger uptrend (as opposed to a double bottom in a downtrend, which probably won't hold) and we rally from here we would know about it because there would be buying. There ain't no buying!![]()
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