Monday, February 28, 2011

2/28 11:30

I just wanted to reiterate the reasons for being short-term bearish the stock market.
a) Last Thursday I1 went into a minor dip from then until 3/4
b) The Elliott wave count was complete for the 5 up from July.  This is subject to extension as outlined in the Weekly.
c) The DJI has broken it's critical support and has since rallied back to it.
d) There is what appears to be a 5 down from last week's high and a 3 wave retracement

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