Hey mate, was going to email, but away from home and yahoo is having a spasm.
Remember you talking about the setup for the 1987 crash with that quick flick at the end. Now you know I do not support the crash theory in this market and I also realise you have become more bullish, but the image of the 1987 crash is something I have kept in the back of my mind since your mentioned it, most prominatly the 2 doji's on the SPX chart which marked the top of the flick and the crash some 2 weeks later.
Taking a medium term view, the NYSE has exactly the same setup as the 87 crash.
Looking at the last month and a half, the SPX has the same setup including those 2 dojies.
Now I have been warning from the 1917 pattern of this counter rally (not that I expect it to go so high and I thus shorted after the 170 point gain on friday thinking this), but taking into account the 1987 & 1917 pattern, if we see a heavy loss on US markets tonight its a possibility it may happen.
But thats all I will say as I will get in trouble for been hopefull, mind you though I never trade on hope, always on facts and thus why i have never been wrong on the medium and long term trends on the dow, and I swear and the amount of shorts that I have in my trading account atm, that I will not be wrong here either.
If I am wrong, my pocket...... and email account will certainly know it.
DOW Price at posting:
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