Wednesday, September 9, 2009

If the Wave 3 Collapse is Underway, the Market Should Fall Hard Immediately Thursday Morning; September 9, 2009

No need to drone on with "guessing"; the bottom line is that if the market is in fact in wave 3, which looks more and more unlikely every day, then it must fall hard first thing Thursday morning. The wave count and sentiment and bullish internals have reached a point where any further rallying will negate the SHORT TERM bearish call. So immediate selling tomorrow morning is required.

If this doesn't occur, then it opens the door for the S&P to get into the 1100-1150 area before topping.

Stay tuned!

No comments: