I thought so too.Was right about the metals but not Dow.Both...

  1. 17,444 Posts.
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    I thought so too.

    Was right about the metals but not Dow.

    Both MACD and SS went just neg on the previous night and almost guarantees the next session will be hard hit.

    That's way it never pays to be the house. There are always exceptions.

    EW count is basically unchanged. A simple 2 of C has become a zigzag or ABC perhaps. That assumes that only a small intra day up move occurs tonight.

    I am certainly not ruling something more bullish.

    Frustrating for all I guess. No joy for bulls or bears.

    Hoye says it could be choppy all August and McLaren says it could be 6 or 9 months. Oh joy.

    I am still not ruling out a powerful bearish resloution myself, but won't commit all till I see the whites of it's eyes.
 
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