Friday, June 25, 2010

6/25 11:30

The Nasdaq has the clearest view of the overall condition of the stock market.  DJI, SPX, XMI are all locked in 3-wave chops down.

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2 comments:

  1. AnonymousJune 25, 2010 at 8:40 AM

    Steve

    If we are in a 3 wave corrective wave down in a five wave impulse down there must be a lot of force down word on this market. Would this be a correct assumption?
    Jack C

    ReplyDelete
  2. Steve KotelesJune 25, 2010 at 9:30 AM

    Yes, after this rally there will be the 3rd of the 3rd of the 3rd, a hard fall. I hope that it takes out 9800 by hundreds of points. That would make my job easier.

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