I expect a decline that is out-sized relative to the I1 decline due to other factors. I agree with EWI that a 3rd of 3rd of 3rd will be in progress once the topping is done. I believe that the orthodox high is in earlier today. I vaguely heard that Arch was bearish after 8/1 but don't know details. I'll post an I1 chart.
Do you have a current graph with your I1 situation? So am I correct that you expect now a major reversal down to the lows in the SP500 and Dow?
ReplyDeleteArch Crawford also named yesterday and today as the highs and for a crash to start monday, how does that fit with you?
Or do you see more of a stepping down a more gradual slope?
I expect a decline that is out-sized relative to the I1 decline due to other factors. I agree with EWI that a 3rd of 3rd of 3rd will be in progress once the topping is done. I believe that the orthodox high is in earlier today. I vaguely heard that Arch was bearish after 8/1 but don't know details. I'll post an I1 chart.
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