flewis777

YM Dow may have another -500 to -600 points to go before bottom

Short
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
Looking at where the weekly low was when MACD crossed negative
and seeing how many points later the YM finally hit bottom, we get some
consistency, and an average of -588 points left before the bottom is reached.

It's like a submarine that suddenly fills it's ballast tanks, weighing it down
(MACD crossing neg) and trying to figure how deep it will sink.......

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