I love how we nailed it. What I am looking to see is if we really melt off or we hang out... either way, going just as expected. Trends were broken and the beginning of the end just happened. Those who thought pennants, blah blah were woken up to reality today. We are at a very important spot just for the short term on the majority of the tickers I am looking at. Seeing what things do for the next day or two will be very telling. (not to worry, the trend is bearish even with a re-test). Remember how we had that melt up two weeks ago and things just blew through everything without a care. Lets see if we can just blow on down without a care. QQQ already did the last 3 days so that is an interesting one. But however things go for the next day or two... the trend is down. I know Jerome speaks today or some nonsense like that. I dont pay attention to any of that noise... you guys do. I know it makes no difference though so I don't listen or keep up with the garbage headlines. If there is upside, the bulls will get all excited. Great, re-tests to the broken trends. What would be nicer is to see a nice melt off from here over the next two days, not counting on that but if it were to go that way, even better.
See you guys at the end of the week.
See you guys at the end of the week.