Last night I also noticed that if this is a wave 4 we are in, that it compares to about .382 the length of the wave 3 it is correcting on time. It would be nice if we can drop early tomorrow, maybe enough to touch the 50DMA on the SPX at about 1766.
1766 doesn't quite meet Bryan's requirement for a 3% drop for a significant top here -- 1758 is required for that -- but it would have decent chart support.
SPX 12-17 |
6M |
Hey, neat, Google's Blogger staff fixed the problem I was having rendering images in old blog posts. So the great Casey Serin is at home again in Deflation Land. Thanks, GOOG!
I still have the BMW pictured in that post -- she turns 24 next year.