Thursday, 10 November 2011

Watch out below ?

This is a chart that has been working pretty well for me even though I do not put too much store in Elliott wave as it is quite subjective and/or I am not that good at it ! Nevertheless,looks bearish - we are starting a 3 or C ? either of which is pretty bearish at least in the short-term.

The Gann cycle charts I posted over the weekend have been "primed" by today's reversal and investors should be very cautious imho


 This guy is a regular Elliott wave counter that I have been following on the comments section of Daneric's board...he has a pretty uncompromising bearish view of the markets at the moment that fits with much of what I see...I give you Mr T-Bone


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