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!


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3 comments:

  1. Bryan FrancoApril 25, 2013 at 12:35 PM

    I'm sure tuesday's flasher, and today's CBOE outage until 1 pm had nothing to do with one another. Bandwidth test anyone?

    ReplyDelete
  2. Jeff SchraderApril 25, 2013 at 2:10 PM

    I sure hope so. Though not in the mood for burgers after viewing your video. Cowabunga!

    ReplyDelete
  3. Trading SunsetApril 25, 2013 at 2:45 PM

    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

    ReplyDelete

Always enjoy good conversation and exchange of ideas.