Apr. 16 really made a difference, because ....
- it triggered a host of Weekly CTI's to flip (see extra column in the table).
- Pair this with a plethora of wide range outside days to the downside ...
- ...plus the fake alerts / failed breakouts (see earlier post) that all came with tremendeous volume explosions in highly levered ETF and ...
- ..this on top of biblical Sentiment extreme
...you get the picture.
So the 6 million dollar question will be whether we'll see follow through on Monday in order to confirm the GS masacre friday.... (my humble mind wonders whether OBAMA has the balls to sacrifice GS to the GODS of the midterm election...knowing that this could affect more....on the other side he stands with his back at the wall, like a cornered tiger!)
If the confirmation comes then expect some downside action into 1-2 week of May. (Some of the key ETF's show the next set of TimeCycle Clusters there.)
If it doesn't then we wait for the next even more extreme extreme.
No comments:
Post a Comment