could be with all the Oct BS move lately, but in my view the conditions of Aug 20 style has not been met by any stretch of imagination. (even the candlesticks are not accelerated like back then, but orderly and more uniform, as if to make sure everyone gets to be sold a share with no hurry..)
At a minimum the close tomorrow needs to go at least -0.5% lower, and only then will meet and only the first condition. But it's still remaining the matter of d50 rising still and bullish crossed by BB20, so no freaking way to be the same from TA perspective, not yet.
Only if this goes down and stays down for say a month will align the rest of factors (now bullish thanks to manipulative actions), and then we have the condition for a drop lower than the Aug crash even.
Right now only ST is severely down and allowing holding shorts to have decent low risk but hindered by vicinity of rising d50 which can induce a spike to upside at any moment. Only after d50 loss holding shorts will be severely less risky, with new money added for shorting on mid BB20 or intraday (more complicated).
I think AAPL lost it's d50 which is serious sht since it's a general , and BET sensed it and bailed out of his longs over there.
So some of negatives slowly come together.
The Paris attack by murderous jihadists (the fools should bring in even more from Syria LOL) came in during market hours if I understood properly, and it has not affected it a bit.
So that was not a factor and won't be in the future. So the market selling is internal, for whatever the reason/s.
The aberrant move of October that tried defying d50 role in the large scheme of market guidance has failed yet again, but was there as a poster example of Market Makers and their robots' struggle to escape it. I also failed to envision their effort (I underestimated rather) and as a consequence I failed to update my map at key points relying on resistance market pivots that were steamrolled upward, rather than ole battle-tested sturdiness of d50 that never failed yet.
d50 map since last week states that I need to be in cash waiting for support at d50 or commence short if that fails. This status is good enough (decent enough low risk) to short as few had. But by no means it's RR balanced favorably, and a spike from d50 can teach these early shorts that.
As soon as d50 is lost (let's hope it's Monday), then it's shorting time with a main supporter, and we can look to Aug-Sept bounces as targets to cover, a ping-pong between resistances and that (until those lows are broken or d50 turns bullish, pretty simple matter).
Ho-Ho-Ho coming up
