kevitulation wednesday, page-20

Last night I suggested there was some similarity to 1987 but I didn't have a chart to show you.

So here is a 1987 chart and you can see the steady stepping down from the high and then the collapse just when daily was oversold and you would have expected at least a B wave up. Doesn't that look like now?

The red circle would equate to today, although it can be argued we are not to the nasty point yet!

So today was nasty, although improving a bit, but the real danger may be tonight.

The odds are against it and at least it doesn't seem as major as 1987.

All the same I would make sure I was protected somehow.