Torq, 2X, PT, all warning All kidding around aside guys. I posted my Market View before I read through the last 15 or so posts. Some of you guys actually went long today. Why would you go long before the market turns up? You have no idea when it will stop going down. You have gone long because the indicators say the market is over extended. How much more overextended do you think it can go before it bounces a little to reset your oscillators. Oscillators DO NOT WORK in a trending market. I know you don't think we are in a trending market. Whether you believe it or not we are now.
We are going down to 37.33 in a wave 3. If you don't know what that means look at a 6 month chart from Oct lows to 3. We are going down just as fast.
JMHO POKERSAM "Major Bear Mode"
Please forgive this chart but I didn't want to take the time to make it neat.
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