Alternative Reality

[gdl]

Just as a strong 3 day rebound after a long down channel is common the same holds for each wave down. Start of wave down (if we are seeing one today) usually has most of the damage done in 3 day window. If we are continuing down by Friday most of the damage should be seen.

Since today's data pre-market has caused this type of immediate response i can only assume a stronger reaction tomorrow off the resales numbers. I hesitantly will be betting the next 3 day move.

I can't see a definitive pattern on the charts but I have lost money recently insisting a washout event take place. Maybe this is it? No conviction but trusting my gut.