burkmere- again pretty much the same as I said last night,
either wave b is in and we go down right to new lows to complete c
of A shown in red dotted line (which would be a better bottom for a
bounce as there would be some div in place, or if price recovers
right from today (and it needs to right now), with this being a
little (b) down from Tues then (c) up, But would stall out sell off
for wave A. Both scenarios lead to wave A down, either get it
now or a handful of days from now blue dotted line
again price stopped right at the 9 EMA on Tuesday on almost
every index and sector, last night I said everything had the same
look in last night's newsletter that's what I wrote, v rally bounce
from no div back to 9 EMA's. Again either recovers right from here
and get one more push, but even that should form a lower high
that will come back down hard to test lows and probably break lows,
or we do it right now.
The new low will likely produce some sort of divergence and a
better bottom for bigger bounce, i.e. wave A or something.
Very bearish case would be wave 1 down but even under that
you would have a decent size wave 2 rally. The bears took the
football back at the 9 EMA, it's up the bulls to intercept
now, if not, then new lows touch down
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Put/Call Ratio 1.31
Posted by steve on 18th of Oct 2018 at 03:23 pm
Put/Call Ratio 1.31
Who knows? Maybe we won't
Posted by burkmere on 18th of Oct 2018 at 03:34 pm
Who knows? Maybe we won't get that lower low that everyone is apparently expecting. Be great to get one though with positive divergence.
burkmere- again pretty much the
Posted by matt on 18th of Oct 2018 at 05:09 pm
burkmere- again pretty much the same as I said last night, either wave b is in and we go down right to new lows to complete c of A shown in red dotted line (which would be a better bottom for a bounce as there would be some div in place, or if price recovers right from today (and it needs to right now), with this being a little (b) down from Tues then (c) up, But would stall out sell off for wave A. Both scenarios lead to wave A down, either get it now or a handful of days from now blue dotted line
again price stopped right at the 9 EMA on Tuesday on almost every index and sector, last night I said everything had the same look in last night's newsletter that's what I wrote, v rally bounce from no div back to 9 EMA's. Again either recovers right from here and get one more push, but even that should form a lower high that will come back down hard to test lows and probably break lows, or we do it right now.
The new low will likely produce some sort of divergence and a better bottom for bigger bounce, i.e. wave A or something. Very bearish case would be wave 1 down but even under that you would have a decent size wave 2 rally. The bears took the football back at the 9 EMA, it's up the bulls to intercept now, if not, then new lows touch down