fryday trading, page-15

You can really feel the fear now.

Put/call 0.96

Feels like tonight might start weak and bounce BUT...

Weekly charts really look like they are just starting down but of course not every day or week will be down.

I think Laundry has given up on August producing the top and may just be a rally.

That fits with my thoughts.

It seems to me that if Laundry's T theory is working still then he needs a centre post at the end of this month.

That gives just under 3 months down on his oscillator and so the same amount up would be late August for a rally top.

That implies an end of May single price low or a double bottom either side of indetermined spacing.

IF today/tonight is a low then equal spacing for a double bottom means another bottom around June 8ish perhaps. No point considering that yet too much, and I still feel the downside could even continue into early July even.