Saturday, June 5, 2010

NASDAQ .. this is the bear picture .. the best bear count and chart is right here ..

.. IMPORTANT !!! ..

.. doing some research on the most likely bearish count I have to give some serious thought on this picture ..
.. if wave [2] is complete and it sure looks complete in this chart the final 5 wave structure C of [2] which is truncated in the SnP and Dow is the pattern that closes the correction [2] ..
.. if this count comes to be the correct we should see some weakness at Monday open and I would advise to close longs in this case ..
.. so we have charts that say we are not going to crash next week .. but in the other hand this chart is very bearish and has perfect patterns ..
.. Monday open can be dramatic ..
.. have to keep one eye on the cat and the other on the fish ..




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