Deflation Land: And ... it's ... gone

Thursday, April 25, 2013

And ... it's ... gone

We have a completed wave count touching the "Jaws of Death" mega-megaphone at SPX 1592.64, followed by a sharp reversal.

My first target on the downside here is 1560, likely on tomorrow's GDP number.

Welcome to the Great Bear Market cycle of 2013-2014! GLTA!

3 comments:

Bryan Franco said...: I'm sure tuesday's flasher, and today's CBOE outage until 1 pm had nothing to do with one another. Bandwidth test anyone?; April 25, 2013 at 12:35 PM
Jeff Schrader said...: I sure hope so. Though not in the mood for burgers after viewing your video. Cowabunga!; April 25, 2013 at 2:10 PM
Trading Sunset said...: 1560 tomorrow? Yes, thats viable, 25pts down, by late Friday, with VIX 17s.

That would make for a micro-wave'1.

If thats the case, I exit at the Friday close, and look for a 4-6 hour bounce on Monday.

yours.
not watching scary videos; April 25, 2013 at 2:45 PM

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