Down we go??

The Dow action today looks very much like a dead cat bounce to me finishing with an ending diagonal (don't shoot me I'm an Eliottician!) Add to that the CCI divergence and you've got a recipe for a big sell off tomorrow.

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Comments

  • Thanks ... as always when I post something I see the opposite happens! If I had seen that setup during the day I would have shorted it. As it happens it occured right at the close and things can change overnight.

  • Thank you Justyn and welcome back buddy 

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