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The Second Hill


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statist greenspew wants every last penny in the equity mkt. Setting folks up like a bowling pin, just so he can desperately try to save his reputation. Greenman, take it like a man, stand up and admit your grand experiment has caused a tremendous amount of damage.

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AS I posted this morning... I saw gap fill to 26.20, then a rebound to 26.88 or 27 range possibly today or tomorrow... then a move to 24.50 on the Q's next.

 

We hit 26.21 today, and 26.81 a few minutes ago....

 

But those E Waves dont work....

 

Next move will be mid 24's... IMHO

 

That said, I covered at 1045 print this morning and remain out.... for now...

Final post of morning, sorry y'all...

 

28.70 top on Q's a few days ago

 

Gap fill to 26 ish,

 

Now a wave 2 retracement is about 38% or a move to 26.88 (Near my 27 gap)

 

Then a wave 3 would be 161% of Wave 1 (28.70 to 26)... that would bring us right to

 

24....

 

ta-da!!!

 

Thats how Im playing it SHORT TERM

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did you notice what happened ta the top of that 5 min. regression channel chart hit at 921.....

 

it blew right through that rail, is it a fake out?... If price drops back down, the bottom rail might be the one to watch.... Again these charts are dynamic, so need to update the often, especially in the short timeframes......... if this does not work out......... hey, we got CMAPS

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