|
PureBytes Links
Trading Reference Links
|
Looking at the hourly Dow Jones cash.....it looks to have completed a 5 wave
decline from the all-time high.....IF this move down doesn't keep
sub-dividing...THEN we can
expect a retracement to the 8850-8950 area before the waterfall decline
starts..........
During this rally phase you should hear the Ralph's and Joe's on CNBC
talking about
how this was just a normal correction in a bull market.....this rally phase
will need to be watched carefully as it will tell us whether the Ralph's and
Joe's are correct or if it is just another opportunity to sell..........
Think about this for a moment....during this entire leg up from the last 7
years....Did you ever see a day with 2700 advancing
issues?????????????????????
As always....the market will tell us what to do....now if we could only do
it and snag some $$$$$$$....................
Tom Stein
comfut@xxxxxxxx
|