now it's the time to consolidate.
2nd down leg will be completed next week. Market resumes up beginning next Friday.
Use Dow as example:
1st leg: 16,174.51-15,791.29 = 383.22;
2nd leg: 15,960.36-383.22 = 15,577.14.
I posted yesterday that Dow would bottom around 15,555 well before the market hit 15791.29.
15,577.14 is so close to my predicted 15,555, but nobody replied to my post.
We will see whether the market finally proves a bottom around 15,555 to 15,577.14. |