The Nasdaq break of support and now the DJI break of support, regardless of a bounce-back, means that the cascade decline will occur after the next mini-rally. This will bring the DJI down 1000 points quickly.
Tuesday, May 4, 2010
5/4 10:40
Short now at 25%
The challenge of 10980 failed. Stock market is now completing a 5-wave and I will wait for the bounce to short back to 30%.
The Nasdaq break of support and now the DJI break of support, regardless of a bounce-back, means that the cascade decline will occur after the next mini-rally. This will bring the DJI down 1000 points quickly.
The Nasdaq break of support and now the DJI break of support, regardless of a bounce-back, means that the cascade decline will occur after the next mini-rally. This will bring the DJI down 1000 points quickly.
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