ABCD patterns last couple of dips, correcting moments, repeating, very similar. Channels, at each trend change, dipped to about center of channel and then out of it up. Moon phases coincide with changes, reaching the mid full moon cycle, which should be our next top, an then down to next full moon, November 7th (ish), watching the 100 Day MA, V the 200 Day MA, and if that (black) dips below, and 50 Day MA continues downtrending could confirm what I am saying here. Looking at the major support level of 100 ( error factor of plus or minus 50 pts) being thew high of May 22, 2013, and the low of 8-30-2013. Saudi's can't take oil below $80 per barrell too long, so looking for oil price support, after it dips below $80, and see the XLE bounce, maybe just after Nov 7th. US and Euro governments wanting to punish Putin still, could see oil continue down to maybe $75.00, then Frackers and Saudi's say ENOUGH, whatever Ukraine got, they got, and then its over. CHINA GDP tomorrow reports, and that could be our force to move back down (or up), and no doubt it is a major factor. Either way, high Volatility. Watching dollar also, pulling back now? Yen too, don't think they can both go down together. Euro weakness playing in too. If all 3 go down together, that could weigh on markets, with no where for money to go, bonds, stocks - could cause a temp bounce. Just watching a lot. So watch out - a lot here, lets all be careful out there. But keeping it simple, I think this ABCD is a repeating pattern if you just put blinders on and keep in the race. Cash is King, and to be safe, there it is.
