DOW = > CRASH COMING !!

.. another 2 cents ..

.. wave 1 according to Elliott theory should not be agressive as a 3rd .. what we saw the last 3 days was expected to be wave 1 .. the problem is that if you look to any index chart , you see the 3rd as the shortest indicating more down side ... I heard about a 10 % healthy correction .. how could it possibly be if we already have fallen 5 % since highs and wave 1 is not even near completion .. a 4 is not in sight yet ... and more .. the slope of the drop is far more impressive .. look at spx daily chart and you'll only see this behavior in the middle of P1 (third of 3rd) .. not even the 3rd of P1 had this behavior in early stages .. there is no bounce since yesterday .. no entry point .. just some sideways squiggle .. seeing this as anything different is a suicidal bet .. bulls should do the best strategy and become bears .. skilled Elliott traders know how to change their bets... the talk of let's wait and see .. do you have any bullish count ? .. is waste of time .. the charts are telling the story and it's clear .. don't put yourself in front of a train full loaded, without brakes and out of control ..

.. wish luck to all followers ..

!!!!!!!!!!!!!!!!!!!!

.. my 2 cents ..


.. only God knows at this point where wave 2 will bounce .. the whole thing got mixed up with the 3rd the shortest in cash and futures looking like a 5th is almost closing wave (1) .. as DANERIC'S blog said everybody is waiting someone to buy the "shit" and the thing keeps goin' down ignoring important trend lines and supports .. wait for the 5 wave down and 3 wave up method is showing it's weakness .. the trader who is waiting have already lost some good down side move ..


.. this is a different wave .. P3 or whatever .. the Ponzi wave if you prefer .. will have no mercy and probably will test our skills again as P2 did .. our concepts of divergences and extremes of oscillators will have to be revised ..

.. have a nice weekend ..

DOW (12:58 hs) => log scale posted at 15:03 hs (compare !!)

INDFG10 "SQUIGGLES" (12:02 hs)