649bruno
Short

THREE CYBER "M" & FIBS WARNING OF MARKET SELL, PART 2: DOG

AMEX:DOG   PROSHARES TRUST SHORT DOW30 (POST REV SPLIT)
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This is part 2 of three views. The DOG are the short shares you buy if you think the DOW-30 is going to decline.
I wanted to look at the S&P 500 , DOW-30, and QQQ to study Fibonacci time cycles and also to see of there were any bullish signals.
I found versions of bullish butterfly cyber patterns on all three, only, if DOG is bullish , the market would be in a sell-off.
At Fib Start there was an impulse leg low. At Fib 1 there was a phase energy reversal and impulse leg end.
Fib time cycle 2 was an impulse leg top and a major "C" to "D" reversal.
Fibonacci time cycle 3 is the cyber completion of a bullish formation, and look at the phase energy bars (top).
The phase energy has been building to a positive zero-line cross over (long red arrow). This would most likely mean a market decline.
Now, please move on to part 3, an analysis of QQQ ..
May all of your trades go well. Don.
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