Monday, September 12, 2011

Still Bullish - Potential Missing C-Wave before Gann 180

No change. Still bullish for week or so...There appears to be a missing C of an ABC off recent wave 5 low.

October and early November may get ugly and where the selling endgame may culminate. Next few weeks I will pull in some bull horns to wait for the Late October - Early November bargain buys.

Bear case is an hourly head and shoulders continuation pattern with neckline about to break on SPX (already broken in DJIA) and a larger bear flag on daily chart.

How about some energetic rock for an inspirational fighting rally out of this depressing low...


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