Tuesday, May 25, 2010

Approaching the Abyss

The market is beginning to break down in a very serious manner.
  • 200 day exp. moving average has be violated
  • 21 and 55 day emas turned down and are approaching the 200 day ema.
  • wave [2] (1219.80) has been established.
  • Wave [3] underway, with (1) being formed currently.
  • (3) of [3] could occur in July-August in accordance with timing of natural cycles.
  • Wave (2) of [3] should approach 21-55 and 200 day moving averages then collapse.

right click mouse to enlarge



Risk of owning equities is EXTREMELY high. ACT ACCORDINGLY.

No comments: