JI
jimkane
Rep: 3,058
Posts: 33,089
Thanks, Marcin. I hope we have another technically outstanding week. The action lately has been amazing. I hope this is an early indicator the 'bull' is finally over. The main reason I think it can't be that simple is because all the bloggers say the bear is upon us, or at least a huge correction. All the TV pundits say the 'bull' has a long ways to go. Hence, perhaps, one more leg to scare the bloggers (this leg doesn't have to necessarily go to new highs), they flip, then the big movement down starts. Understand, I'm not saying this is headed up. I'm just musing out loud how the bloggers won't be right. Maybe down more, a vicious bounce up and they flip and say the correction is over, right at the point the downside resumes? I'm just trying to see how it all fits.
RA
rat89
Rep: 0
Posts: 7,015
so.....the big picture looks crashy, and the near term picture has it right where it has to bounce.....there is a symmetry to the failed high and the low into the close Friday with a measured move taking it to the meeting the lines and fib from three swings. if it bounces and fails in the kz then you have to look to another swing down.....







