Thursday, August 04, 2011

 

Best case scenario


The best view of the stock market is that we are completing a 5 wave sequence with the sharp move below the lower trendline that occurred today, 8-4-11. A move above 11,800 would greatly increase the possibility that we would see a new high above 13,000. The other scenario is that the down trend that began 7/22 is accelerating and that a crash is imminent. We will know what is going to happen very soon.




Dow futures

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