SaintA -- HORRENDOUS CARNAGE DELAYED!!!!!
Note I use very colorful language in order to make a point, plus it spices up ones life. I know you guys enjoy it so much so here is how I view things today.
We are still in wave (4). This is the fourth day in wave (4). We have gone a "little" countertrend up which wave 4s are suppose to do. I thought yesterday was the end of (4) and we would go down today. I was dead wrong, so shoot me. I guess it's a real compliment to one abilities when others find fault with "near" perfection. So we will have to wait till tomorrow to see if today was the end of wave (4). Of course I think it was. But my bias is DOWN. You might also note the bear flag on the indexes. So very ugly.
Market leaders fell today including Homebuilders, SMH, SOX ETC. MRVL was down nicely and Len bounced up and down.
The bulls tried to mount a rally prior to Greenspan talking but after he slammed housing and used the word "exuberance" it was back to the downside. As one very astute poster noted here you can't have a rally without tech and tech did not participate. It must be discouraging to the bulls to get their hopes up just to have the rug pulled out from under them again.
When this thing goes it will be a catastrophy of Biblical proportions. Men, women and children crying in the streets. Dogs and cats living together. Blood running down through wall street. Acopulco cliff dives from tall buildings. I wish you all the best.
See you at 1060 S&P on Dec. 16
Just my humble opinion
POKERSAM
AI
