Hi , Is the correction over? It looks like christmas rally.
mishmish80
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i am following please let us know when the rebound starts
ljregisb
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Hello Faylee, can you give is an update of how this idea should develop? I am not really sure If we are waiting a jump to 7350 and then start falling again. Or that jump already happened (when NSDQ touched 7220) and now we are falling and we are only waiting to a correction to 6900-6950 before falling even more. Thank you very much for your Analysis I'm following you.
ljregisb
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@ljregisb, And an extra comment, It seems like an Inversed H&S with 7350 target, does that invalidate the fall to 6200?
It touched the support 6845 and retraced back to 7155. Do you think it will be kicked back down to 6400 now?
ecramer
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Your right we broke the lower the support line here.
We should have a decent correction.
Take a look at the world markets they are all down from there all time highs some of them greater then 20% at the moment.
I don't think the United States is special or exemption from the rule.
We should follow here.
Great Post